# Statistical Distributions in Layman’s Terms

In order to make a statement about the probability of occurrence, we usually have an assumed model based on a statistical distribution. The first step […]

Hypothesis testing enables us to make statements about statistical significance. There are direct parallels between our justice system and hypothesis testing. Since most of us […]

Correlation is not causation is oft-referred to in the press. in this post we’ll unpack what that means. In short, to make a statement about […]

The main idea of time series analysis is simple: find the relationship (correlation) between your current period values (sales, costs etc.) and prior period values. […]

Consider two questions about probability: 1. The probability that A will occur. 2` The probability that A will occur, given that B has already occurred. […]

Permutations and combinations are important concepts to understand in order to estimate probability and make better decisions. Underlying the Seahawks fateful Superbowl decision lie the […]

The motivation of this post is to aide the understanding of the classification technique by explaining the evaluation tool for classification experiments: the confusion matrix. […]

We all know that some of our customers churn out of our products. What if we could predict which customer is next most likely to […]

Data analysis is a bit like mining for gold. In gold mining, sluice machines sift through tons of dirt before finding a few ounces of […]

Probability is largely about being able to count the possible outcomes. Using a standard six sided die is an excellent tool for learning the concept. […]