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Python: Data Analytics and Visualization
book

Python: Data Analytics and Visualization

by Phuong Vo.T.H, Martin Czygan, Ashish Kumar, Kirthi Raman
March 2017
Beginner to intermediate
866 pages
18h 4m
English
Packt Publishing
Content preview from Python: Data Analytics and Visualization

Summary

In this chapter, we skimmed through the basic concepts of statistics. Here is a brief summary of the concepts we learned:

  • Hypothesis testing is used to test the statistical significance of a hypothesis. The one which already exists or is assumed to be true is a null hypothesis, the one which someone is not sure about or is being proposed as an alternate premise is an alternate hypothesis.
  • One needs to calculate a statistic and the associated p-value to conduct the test.
  • Hypothesis testing (p-values) is used to test the significance of the estimates of the coefficients calculated by the model.
  • The chi-square test is used to test the causal relationship between a predictor and an input variable. It can also be used to check whether the data ...
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Publisher Resources

ISBN: 9781788290098Supplemental ContentPurchase Link