May 7, 2020 | Data Science, Statistics
Data Science Data Science is an interdisciplinary field that uses scientific methods, processes, algorithms, and systems to extract knowledge and insights from many structural and unstructured data....
May 7, 2020 | Data Science, Statistics
Coefficient of Variation Coefficient of Variation (CoV) is a measure of relative variability. It is calculated as the ratio of standard deviation (SD) to mean. CoV does not have any unit as it is a...
May 6, 2020 | Data Science, Statistics
Standard Deviation In this blog, we will understand the concept of standard deviation and variance. Standard Deviation is a measure of how much the data is dispersed from its mean. A high standard...
Apr 30, 2020 | Data Science, Statistics
Interquartile Range Interquartile Range (IQR) is the range of the middle 50% of the values in the data distribution. It is the difference between the third quartile(Q3) and the first quartile(Q1)....
Apr 29, 2020 | Data Science, Statistics
Interpretation and Use of Dispersion Measures In our previous blog, we have understood the definition and need of measures of dispersion. It is important to understand the interpretation and usage...
Apr 28, 2020 | Data Science, Statistics
Range In statistics, the range is one of the most common measures of dispersion. It is the difference between the largest and the smallest observation in the data distribution. The range has the...
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