10 MODEL SELECTION
WHICH MODEL TO USE?
Data science is a transformative field that combines statistics, computer science and domain expertise to derive actionable insights from data. This chapter delves into the core concepts and methodologies of data science, such as hypothesis testing, statistical measures, predictive modelling and various analytical techniques, enriched with practical business examples to illustrate their applications. There are lots of potentially confusing terms to decipher when we start talking about statistical techniques, so we will attempt to give you a ‘fact sheet’ on each one, linking into examples of how it can be used.
This book is not intended to teach you the ins and outs of statistical formulae – it is much ...
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