Statistical Technique

Statistical technique refers to the use of mathematical and computational methods to analyze and interpret data. It involves the collection, analysis, interpretation, presentation, and organization of data. Statistical techniques are used to make predictions, identify patterns, and test hypotheses. These techniques are widely used in various fields such as business, healthcare, social sciences, and engineering. Some of the commonly used statistical techniques include regression analysis, hypothesis testing, analysis of variance (ANOVA), and cluster analysis. Regression analysis is used to establish a relationship between two or more variables, while hypothesis testing is used to test the validity of a hypothesis. ANOVA is used to compare the means of two or more groups, and cluster analysis is used to group similar objects or individuals together based on their characteristics.
Your Previous Searches
Random Picks
  • Lean Six Sigma: Lean Six Sigma is a methodology that combines the principles of Lean Manufacturing and Six Sigma to eliminate waste and improve quality in business processes. It involves identifying and removing non-value-added activities, reducing variabi ... Read More >>
  • GUI: GUI stands for Graphical User Interface. It is a type of user interface that allows users to interact with electronic devices through graphical elements such as icons, buttons, and windows. In the context of Data Science and Artificial Inte ... Read More >>
  • Message Passing Interface: Message Passing Interface (MPI) is a standardized communication protocol used in parallel computing systems to enable communication between multiple processes running on different nodes. It allows for the exchange of data and messages betwe ... Read More >>
Top News

Employees were already freaked out about AI — Amazon just proved them right...

Amazon CEO Andy Jassy acknowledged in a Tuesday statement what many workers have been scared of: Artificial intelligence will soon mean job cuts....

News Source: Business Insider on 2025-06-18

Trump’s purges come for the U.S.’ nuclear safety board...

Donald Trump’s efforts to strip federal agencies and commissions of their independence took an alarming step Monday, when the president fired one of the five commissioners who sit on the Nuclear Reg...

News Source: MSNBC on 2025-06-17

Amazon says it will reduce its workforce as AI replaces human employees | CNN Bu...

Amazon says it will reduce its workforce as AI replaces human employees | CNN Businesscnn.com...

News Source: CNN on 2025-06-17

Amazon’s Jassy says AI will reduce company’s corporate ranks...

Andy Jassy expects the company’s workforce to decline in the next few years....

News Source: Fortune on 2025-06-17

Bank of America is bullish on these 4 under-the-radar AI stocks...

Investors interested in the AI trade beyond the Magnificent Seven should look into these four stocks with breakout growth potential....

News Source: Business Insider on 2025-06-17