Please read the disclaimer about the Free PDF Books in this article at the bottom R, an open-source statistical and data mining programming language, is slowly but surely catching up in its race with commercial software like SAS & SPSS. I believe R will eventually replace SAS as the language of choice for modeling and
This is a continuation of the banking case study for the creation of application risk scorecards we have discussed in some previous articles. You could find the previous parts of the series at the following links (Part 1), (Part 2), (Part 3) and (Part 4). In this article, we will discuss the Population Stability Index (PSI),
Self Study: Probability and Bayesian Statistics An average 21-year-old with a college degree spends a little over 15000 hours in classroom lectures. This accounts for a roughly 8th portion of his / her active life on this planet. To me, this alone is a good enough reason to bring constant improvement in our education system.
Monty Hall Problem Monty Hall is back, for one last time, to host the famous show from the 1960s ‘Let’s Make a Deal’. You are his final guest and the prize is really desirable – a red Ferrari 458 Italia. Monty is no generous host; he could be over 90 years old, but he is
In this article we are going to discuss Bayesian inference and statistics. In order to gain understanding of Bayesian inference we will use the experiment of coin tossing. Hence it is only appropriate to have a quick discussion about the power of… …Flip of the Coin To begin with, let me pay my tribute to
Aarushi Murder Case & Logical Rigor Last week, on 25th November 2013, Ghaziabad High Court has given the verdict in the Aarushi murder case. The media frenzy in India has not allowed the public interest in the case to die down for the last five and a half year. The verdict as expected was all