Statistics Essentials for Analytics

The Statistics Essentials for Analytics course provides a comprehensive foundation in statistical concepts crucial for data-driven decision-making. Ideal for aspiring data analysts, business intelligence professionals, and data scientists, this training equips you with the tools to understand, interpret, and apply statistical techniques across various business and research contexts.

Instructor led live online Classes

Why Enroll in the Statistics Essentials for Analytics Course?

  • Core Knowledge: Gain proficiency in key statistical concepts for data analysis.

  • Career Advancement: Enhance your analytical skills for roles in data science, analytics, and research.

  • Hands-On Practice: Learn through practical problems and real-world datasets.

  • Foundation for Advanced Learning: Essential groundwork for advanced analytics, machine learning, or AI courses.

  • Industry Relevance: Understand statistical applications used in business intelligence and data interpretation.

Course Description

This course builds your understanding of descriptive and inferential statistics, probability theory, hypothesis testing, and data distributions used in analytics.

1. Aspiring Data Analysts and Scientists 2. Business Intelligence Professionals 3. Researchers and Academic Professionals 4. Anyone preparing for data-focused certifications or roles

1. Strengthens analytical reasoning through concepts, formulas, and case studies. 2. Prepares you for data science, machine learning, and analytics programs. 3. Includes quizzes, assignments, and instructor support.

What you'll learn

  • Descriptive Statistics: Measures of central tendency and variability.
  • Probability Theory: Basic probability, permutations, combinations, and probability distributions.
  • Inferential Statistics: Confidence intervals, sampling, and hypothesis testing.
  • Regression Analysis: Simple linear regression and correlation.
  • Statistical Applications: Applying statistics in business and data analytics.

Requirements

  • Basic Mathematics Knowledge
  • No Prior Experience in Statistics Required

Curriculum Designed by Experts

  • Introduction to Data Types
  • Numerical parameters to represent data
  •           a. Mean  
  •           b. Mode 
  •           c. Median 
  •           d. Sensitivity 
  •           e. Information Gain 
  •           f.  Entropy
  • Statistical parameters to represent data

  • Uses of probability
  • Need of probability
  • Bayesian Inference
  • Density Concepts
  • Normal Distribution Curve

  • Point Estimation
  • Confidence Margin
  • Hypothesis Testing
  • Levels of Hypothesis Testing

  • Association and Dependence
  • Causation and Correlation
  • Covariance
  • Simpson’s Paradox
  • Clustering Techniques

  • Parametric Test
  • Parametric Test Types
  • Non- Parametric Test
  • Experimental Designing
  • A/B testing

  • Logistic and Regression Techniques
  • Problem of Collinearity
  • WOE and IV
  • Residual Analysis
  • Heteroscedasticity
  • Homoscedasticity

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