The Monte Carlo method is an simple way to solve very difficult probabilistic problems. This text is a very simple, didactic introduction to this subject, a mixture of hi...
Advanced analytics continues to permeate more functional areas of the enterprise. From marketing campaigns and sales optimization to supply chain and human capital mana...
I am sometimes asked whether I am working on the stats, whether I am making progress on the stats, and what I do with all of the stats. People are also prone to hyperbo...
You’ve probably comes to mind the question, whether the Artificial Intelligence (AI) is important ?; what are the benefits of AI for human life ?. So easy to unders...
This article was written by Jim Frost from Minitab. He came to Minitab with a background in a wide variety of academic research. His role was the “data/stat guy” o...
This article is no longer available. See here for original version. Top DSC Resources Article: Difference between Machine Learning, Data Science, AI, Deep Learnin̷...
I recall somebody mentioning that the former definition for insanity is doing an action repeatedly while expecting different results. Among the interests that I have in...
This article was posted by Ankit Gupta. Introduction: If there is one language, every data science professional should know – it is SQL. SQL stands for Structured...
Nowadays, companies are besieged by information and the possibilities of new IT solutions. With the rapid advancements in information technology and high speed Internet, ...
Missing data present significant challenges to trend analysis of time series. Straightforward approaches consisting of supplementing missing data with constant or zero va...