An Examination of Common Misconceptions about Statistical Significance and How to Interpret P-Values Correctly

Introduction Suppose you have passed an examination. Now, the statistical significance will help you to understand whether you have passed by luck or because of your knowledge. It is the basic idea of this and we will know more about it later in t..Read More

A brief guide measures of statistical data analysis

The area of statistics is the art of discovering from data. Statistical knowledge helps you use the precise techniques to manage the data, apply the accurate investigations, and efficiently display the events. Statistics is a significant method to in..Read More

Forecasting Quantitative Time Series using statistical methods

Forecasting , or predicting is a vital tool in any decision making process. It uses vary from determining inventory requirements for local shop to estimating the annual sales of TV. The quality of forecasts management can be strongly related to the i..Read More

Exploring in detail Kruskal Wallis Test which is an alternative to One way ANOVA

ANOVA attempts to analyse whether one independent variables explain the dependent variables. The independent variable is assumed to have an impact on the dependent variable. These independent variables are measured in interval or ordinal level. Also,..Read More