What is the difference between Data Analytics and Business Analytics?

Most Business Managers use Data Analytics and Business Analytics terms interchangeably. However, there is subtle difference between these terms and subtleties are based on the end usage of the analysis. In this blog, we will try to understand these minor but important differences between Data Analytics and Business Analytics. What is Data Analytics? Data Analytics …

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An intuitive understanding of Sampling distribution and central limit theorem using practical example

The basic idea of inferential statistics is to use a statistic (mean,Standard Deviation etc.) calculated on a sample in order to estimate a parameter of a population (mean,Standard Deviation etc.). However, we have to accept an unavoidable fact that value we get for any statistic will vary from sample to sample, even when all samples …

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A brief introduction to Linear Transformation

In data analysis, we may obtain greater insight while expressing a variable in different form. For e.g. you could use different scale to better visualize the variables that have points close by. Many statistical tests assume that the data is normally distributed. Hence if the underlying data is not normal, we need to transform a …

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