The ‘Bell curve’ or the ‘Gaussian bell curve’ is one of the fundamental concepts on which most of the statistical analysis is based. From social sciences to astronomy to financial services- most of the application of statistics in the real world relies on the assumption that the data being analysed is distributed in the shape of the bell curve.
Added by Gaurav Vohra on January 3, 2013 at 8:30pm — No Comments
Quoting Wikipedia: - Unstructured Data (or unstructured information) refers to information that either does not have a pre-defined data model and/or does not fit well into relational tables. Unstructured information is typically text-heavy, but may…Continue
Data scientists are the new astronauts. Everyone wants to become one. And it is not difficult to understand the reason for this.
In this age of “Big data”, more and more businesses are relying on people who can make sense of the vast amounts of information generated around us – people who can use sophisticated tools and complex-sounding statistical techniques to derive insights from larger and larger mounds of data.
Businesses have started to understand the power of data. They…Continue
Added by Gaurav Vohra on September 10, 2012 at 11:29pm — No Comments