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Our Blogs discuss the trending topics in statistics that students are taught in their university. We hope the blogs would unveil you some of the most in-depth concepts.
Impact of Quantitative Easing Announcements on UK Asset Values Quantitative easing (often abbreviated as QE) is a type of monetary policy in which a bank buys long-term securities from a given open market so that it can increase the supply of money and encourage investing and lending. The central b...
Using ANOVA to Measure Stress in Humans Analysis of variance (or simply ANOVA) is a statistical method used to test whether experiment or survey results are significant, or rather, whether to accept or reject the null hypothesis. An ANOVA test can be one-way or two-way. One-way ANOVA has only on...
Sociology: How Bullying in Schools Affects Students and Parents Bulling in schools can affect everything about a student from how they see themselves to interacting with others to being confident in their future. Those who are bullied often experience low self-esteem, depression, loneliness, shyne...
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|Hypothesis testing||Hypothesis testing is a way used to test the results of a survey to see if you have the right or meaningful results.|
|Central limit theory||Central limit theorem notes that a sampling distribution of a sample means approaches a normal distribution as the sample size becomes bigger. This is not affected by the shape of the population distribution.|
Sampling is a method of selecting members from a population to make statistical inferences in order to have a conclusion of the population. Samples represent an entire population. Sampling methods include;
|Univariate and Bivariate analysis||In univariate analysis, there is only one dependable variable. Its objective is deriving data, defining it, and summarizing it. On the other hand, multivariate analysis is needed when more than two variables need to be analyzed together.|
|Estimation||Estimation is the process where one makes inferences about a population drawn from information obtained from a sample.|
|Probability distribution||Probability distribution is a mathematical function that gives the probability of an occurrence or a possible outcome during an experiment.|
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The T-test is a statistical test conducted on categorical data to test for the equality of means in the two categories. Pretty straightforward, but in some cases, it could be challenging.
Mostly, regression analysis is used to identify the relationship between the independent and dependent variables. After the best fitting equation has been obtained, it’s used for prediction. The world of or regression analysis is wide. In its simplest form, we have linear regression, while in advanced cases, we have Bayesian regression and lasso regression. Our online statistics tutors are well versed in with all the types of regression methods
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