Introduction The average value of a set of data points, observations, or values is known as the Mean of the data. It is the measure of the central tendency. Mathematically, the mean is obtained by dividing the sum of values by the number of values or observations. It is also called the expected value. The mean itself is not restricted to this simple form but has different types such as the arithmetic mean, geometric mean, harmonic mean, and weighted average. It is given mathematically as, $$\mathrm{Mean=\frac{\sum x}{N}}$$ where, x = set of observations N = number of observations Different ... Read More

Introduction Regression is the technique of predictive modeling to analyze the relationship between the independent variable and the dependent variable. The relation between the target(dependent variable) and the independent variable may be either linear or non-linear. The target is always continuous value and regression is widely used in forecasting, understanding cause and effect as well as in predictive analysis. In this article let us explore various regression techniques available. Regression Techniques Linear Regression − It is the simplest of all regression techniques. In Linear Regression the independent and the target variable are linearly related or dependent on each ... Read More

ISO and CSO are two distinct concepts in data management and statistical analysis. ISO refers to a broader framework for managing data within an information system, with an emphasis on input. CSO refers to the processes of data collection, storage, and organization for statistical purposes. Read this article to find out more about ISO and CSO and how they are different from each other. What is ISO? ISO (Input, Storage, Output) is a framework that defines the basic stages of data processing within an information system. It offers an organised approach to data management that ensures correctness, dependability, and accessibility ... Read More

In businesses, in order to predict future issues, it is very important to analyze the past and present data. For this purpose, there are several data analysis techniques available like data mining and statistics.Data mining and statistics are used for making data-driven decisions; these are basically the primary components of data science. Data mining and statistics may seem to be similar, but they are quite different from each other. Read this article to learn more about Data Mining and Statistics and how they are different from each other. What is Data Mining? Data miningis the technique of exploration and analysis ... Read More