finnstats Blog

Cross Validation in R 0

Cross Validation in R with Example

What Does Cross-Validation Mean? Cross-validation is a statistical approach for determining how well the results of a statistical investigation generalize to a different data set. Cross-validation is commonly employed in situations where the goal...

free data science course 0

Importance of Statistical Analysis in Business

Statistical Analysis in Business, Businesses cannot survive without consumer spending. Statistical analysis can help businesses identify trends among consumers so they can better meet their needs. It is no secret that statistical analysis is...

AIC in R 0

AIC in R (AIC Vs BIC)

AIC in R, Always we are curious about how well a model explains the relationship between variables. We can utilize information criteria to determine how successful our model is at explaining relationships. AIC and...

Linear Discriminant Analysis 0

Simple Linear Regression in r

Simple linear regression in r, we want to create models to investigate and forecast the relationship between variables, and the most basic relationship that we can think of is a straight line. Let’s take...