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poisson distribution

3 W’s of Poisson Distribution: What, Why and Where?

Contributed by: Shreya Shetty LinkedIn Profile: https://www.linkedin.com/in/shreya-shetty-9a070792/ If you’re looking for an easy interpretation of Poisson Distribution, you have come to the right place. Before we get into the details, this is not another formula-based article. When I started my journey in statistics, I wanted every derivation to have a relatable story behind it. I […]

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probability distribution

Understanding Probability Distribution and Definition

Contributed by: Priya Krishnan LinkedIn Profile: https://www.linkedin.com/in/priya-srinivasan-77b081176/ For all types of Business, whether it is small or large there is a dire need for prediction/estimation. (in terms of Sales, Costs, demand, supply etc). This can be achieved through statistical analysis of underlying data. A probability distribution can be a great tool for such estimations. It

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inferential statistics

Inferential Statistics – An Overview | Introduction to Inferential Statistics

Introduction Statistics has a significant part in the field of data science. It helps us in the collection, analysis and representation of data either by visualisation or by numbers into a general understandable format. Generally, we divide statistics into two main branches which are Descriptive Statistics and Inferential Statistics. In this article, we will discuss

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