Category Statistics

The AND / OR Rules: The Grammar of Probability

If you want to understand probability, you have to stop thinking of it as math and start thinking of it as a language. When you translate real-world problems into probability, the entire equation usually hinges on just two words: AND…

Building a Multiple Linear Regression Model

Previously, we have seen situations where an outcome (the dependent variable) is based on a single input variable (independent variable). Sadly, real life is rarely as simple. Most outcomes in real situations are affected by multiple input variables. To understand such…

Talking about Quartiles

Quartiles are one of the most frequently used methods to split data and understand its spread. In general, data can be divided into various groupings so that an equal number of points fall into each bucket. These division points are…