Statistics Archives - AICORR.COM https://aicorr.com/category/statistics/ The future is today. Fri, 31 Jan 2025 09:57:03 +0000 en-US hourly 1 https://i0.wp.com/aicorr.com/wp-content/uploads/2022/11/cropped-AICorr.com-logo-1.png?fit=32%2C32&ssl=1 Statistics Archives - AICORR.COM https://aicorr.com/category/statistics/ 32 32 214452487 What is Data Mining?: Hidden Insights in the Digital Age https://aicorr.com/articles/what-is-data-mining-hidden-insights-in-the-digital-age/ Thu, 23 Jan 2025 17:00:22 +0000 https://aicorr.com/?p=8215 So, what is data mining? Let’s analyse together the meaning of data mining as well as its various characteristcs. Table of Contents: What is Data Mining? Data mining (DM), often referred to as knowledge discovery in databases (KDD), is the process of analysing large datasets. In order, to uncover patterns, trends, and insights that may […]

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]]> 8215 What is Random Sampling in Statistics? https://aicorr.com/articles/what-is-random-sampling-in-statistics/ Thu, 05 Dec 2024 15:32:09 +0000 https://aicorr.com/?p=8131 Aicorr.com answers the question, “What is Random Sampling in Statistics?”. We cover definition, how it works, types, advantages and challenges, and applications of random sampling in the filed of statistics. Table of Contents: Random Sampling In statistics, data collection is a cornerstone of analysis. One of the most fundamental methods of gathering data is through […]

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]]> 8131 What is Regression Analysis in Statistics? https://aicorr.com/articles/what-is-regression-analysis-in-statistics/ Sat, 28 Sep 2024 15:09:05 +0000 https://aicorr.com/?p=7929 The big statistical question of what is regression analysis. Dive into statistics with this article about regression analysis. Table of Contents: Regression Analysis Regression analysis is one of the most widely used statistical techniques, particularly in fields such as economics, finance, healthcare, and engineering. It allows us to understand the relationships between different variables and […]

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]]> 7929 10 Statistical Concepts Explained Simply https://aicorr.com/articles/10-statistical-concepts-explained-simply/ Sat, 28 Sep 2024 14:09:04 +0000 https://aicorr.com/?p=7808 We give you 10 basic statistical concepts explained in plain English. Learn fundamentals of statistics in a simple manner. Table of Contents: 10 Statistical Fundamentals in Plain English Statistical concepts form the foundation of data analysis, providing tools for understanding, interpreting, and making decisions based on data. Concepts like the mean, median, and mode describe […]

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]]> 7808 Summary Statistics: What are Summary Stats https://aicorr.com/articles/summary-statistics-what-are-summary-stats/ Tue, 21 May 2024 17:04:45 +0000 https://aicorr.com/?p=7056 What are Summary Statistics? We explore the fundamentals of summary statistics within this article. Table of Contents: What are Summary Statistics? Summary statistics are descriptive measures that provide a quick overview of the main features of a dataset. They condense large amounts of data into a few key indicators, making it easier to understand and […]

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]]> 7056 What is Correlation in Statistics? Relationship Between Variables https://aicorr.com/statistics/what-is-correlation-in-statistics-relationship-between-variables/ Wed, 14 Feb 2024 11:24:15 +0000 https://aicorr.com/?p=5009 Correlation serves as a fundamental concept that explains the relationship between two or more variables. Whether we’re analysing economic data, scientific experiments, or social trends, understanding correlation helps us to understand how changes in one variable might affect another. Let’s explore the concept of correlation, its types, significance, and how it’s calculated. What is Correlation? […]

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]]> 5009 Uniform Distribution https://aicorr.com/statistics/uniform-distribution/ Wed, 10 May 2023 14:33:06 +0000 https://aicorr.com/?p=1191 What is Uniform Distribution? The Uniform distribution is a probability distribution and it represents values that are all equally likely to occur. There are two types of uniform distributions, discrete and continuous. Discrete deals with finite numbers and continuous with infinite. Examples of applications are rolling a die, generating a random number, and drawing a […]

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]]> 1191 Normal Distribution https://aicorr.com/statistics/normal-distribution/ Wed, 10 May 2023 14:32:35 +0000 https://aicorr.com/?p=1189 Gaussian Distribution The Normal distribution is one of the most important distributions, and is often referred as Gaussian or Bell Curve. These distributions are symmetric around the mean, and the datapoints near the centre appear more frequently than the ones further. The bell curve applies in many situations, such as distributing blood pressure results, heights […]

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]]> 1189 Distributions https://aicorr.com/statistics/distributions/ Wed, 10 May 2023 14:32:17 +0000 https://aicorr.com/?p=1187 Probability Distributions In statistics, distributions are visual representations of occurrences of different outcomes, i.e. how values are distributed. Statistical distributions generally belong to one of two categories, discrete or continuous. Discrete probability distributions are concerned with problems related to discrete outcomes, such as tossing a coin or rolling a dice. They associate with the probability […]

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]]> 1187 Visualisation https://aicorr.com/statistics/visualisation/ Thu, 13 Apr 2023 09:24:13 +0000 https://aicorr.com/?p=697 What is Data Visualisation? Data visualisation is an important concept of any data related science, as it offers an accessible graphical representation of the data, and as such can create a better understanding of trends and hidden patterns. There are many visualisation tools (graphs, charts, histograms, etc.), with each one suitable for different scenarios. Note: […]

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