Category: Methods

Confidence Intervals Explained 1

Confidence Intervals Explained

A confidence interval (CI) is a set of numbers that most likely contains the value of an unknown population parameter. Given the properties of your sample data, these intervals represent a realistic domain for...

predictive analytics models in R 0

Predictive Analytics Models in R

Predictive analytics models are crucial in the fields of data science and business analytics, and they have a big impact on a lot of different business operations. Depending on the data amount in terms...

Markov Chain Introduction in R 0

Markov Chain Introduction in R

The Markov chain is used to explain even the most complex real-time events. Markov chain is used in some form by speech recognition, text identifiers, path recognition, and many other Artificial Intelligence systems. In...

Monte Carlo Analysis in R 0

Monte Carlo Analysis in R

Monte Carlo analysis in R, If there’s one probability trick you should know, it’s how to write a Monte Carlo simulation. You can write a Monte Carlo simulation if you know how to program,...