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Applied Statistics Overview and Phases

Statistics is defined as methods used to collect, analyze, present, and interpret data to make decisions. There are two main types of statistics: descriptive, which uses data aggregation to provide insight into past events, and inferential, which uses statistical models to understand future possibilities. Analytics involves three phases: descriptive answers what happened, predictive understands what could happen, and prescriptive advises possible outcomes and what should be done. The CRISP-DM process for data mining projects involves 6 steps: identifying the problem, collecting and preparing data, selecting modeling techniques, evaluating results, and determining next steps.

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591 views3 pages

Applied Statistics Overview and Phases

Statistics is defined as methods used to collect, analyze, present, and interpret data to make decisions. There are two main types of statistics: descriptive, which uses data aggregation to provide insight into past events, and inferential, which uses statistical models to understand future possibilities. Analytics involves three phases: descriptive answers what happened, predictive understands what could happen, and prescriptive advises possible outcomes and what should be done. The CRISP-DM process for data mining projects involves 6 steps: identifying the problem, collecting and preparing data, selecting modeling techniques, evaluating results, and determining next steps.

Uploaded by

Micah Gibson
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Applied Statistics Notes

Session 1
Statistics – is defined as a group of methods used to collect , analyze, present and

interpret data in order to make decisions. Two main types of statistics are

descriptive and inferential.

3 phases of analytics :

1. Descriptive -which use data aggregation and data mining to provide insight

into the past and answer: “What has happened?”

2. Predictive- which use statistical models and forecasts techniques to

understand the future and answer: “What could happen?”

3. Prescriptive - which use optimization and simulation algorithms to advice

on possible outcomes and answer: “What should we do?”


CRISP-DM

Step 1- identify what specific problem u are interested in addressing in this

specific data mining project.

Step 2- collecting of data> describe data>explore data> verify data quantity.

Step 3- select data> clean data> construct data> format data


Step 4- select modeling technique> generate test design> build model> access

model

Step 5- evaluate results> review process>determine next steps

Step 6- reuse of the discovered pattern

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