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Statistics for Data Science

Statistics for Data Science

By : James D. Miller
3.6 (5)
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Statistics for Data Science

Statistics for Data Science

3.6 (5)
By: James D. Miller

Overview of this book

Data science is an ever-evolving field, which is growing in popularity at an exponential rate. Data science includes techniques and theories extracted from the fields of statistics; computer science, and, most importantly, machine learning, databases, data visualization, and so on. This book takes you through an entire journey of statistics, from knowing very little to becoming comfortable in using various statistical methods for data science tasks. It starts off with simple statistics and then move on to statistical methods that are used in data science algorithms. The R programs for statistical computation are clearly explained along with logic. You will come across various mathematical concepts, such as variance, standard deviation, probability, matrix calculations, and more. You will learn only what is required to implement statistics in data science tasks such as data cleaning, mining, and analysis. You will learn the statistical techniques required to perform tasks such as linear regression, regularization, model assessment, boosting, SVMs, and working with neural networks. By the end of the book, you will be comfortable with performing various statistical computations for data science programmatically.
Table of Contents (13 chapters)
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A working example


Let's now get back to our real-world example of project profitability!

We know that our consulting service organizations project results data describes the results of all its project work over time. There are 100 projects (or observations) in our data and consists of two variables hours billed and profit. The first variable is self-explanatory: it's the total number of hours billed to the client for that project. The second is a US dollar amount that equates to the revenues collected from the client after subtracting all expenses (for the project).

We know that each project has both expenses and revenue, and some projects are profitable while others are not. In addition, even projects that are profitable vary greatly in their level of profitability. Again, the firm is interested in identifying which variables (if any) are candidates for predicting how profitable a project will be.

Let's get started with our statistical analysis!

Establishing the data profile

Before attempting...

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