November 2017
Beginner
286 pages
8h 13m
English
book
Statistics for Data Science
by James C. Mott, Rajprasath Subramanian, Shaikh Salamatullah, James D. Miller, Vijayakumar Ramdoss
Content preview from Statistics for Data Science
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New data, new source
What happens when new data or a new data source becomes available or is presented?
Here, new data usually means that more current or more up-to-date data has become available. An example of this might be receiving a file each morning of the latest month-to-date sales transactions, usually referred to as an actual update.
In the business world, data can be either real (actual) as in the case of an authenticated sale, or sale transaction entered in an order processing system, or supposed as in the case of an organization forecasting a future (not yet actually occurred) sale or transaction.
You may receive files of data periodically from an online transactions processing system, which provide the daily sales or sales figures ...
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