The 8 Basic Statistics Concepts for Data Science · Understand the Type of Analytics · Probability · Central Tendency · Variability · Relationship Between Variables ...KDnuggetsSubscribetoKDnuggets       SubmitablogWinaReward! SubmitablogtoKDnuggets--TopBlogsWinARewardTopics:AI|DataScience|DataVisualization|DeepLearning|MachineLearning|NLP|Python|R|StatisticsKDnuggetsHome»News»2020»Jun»Tutorials,Overviews»The8BasicStatisticsConceptsforDataScience( 20:n26 )The8BasicStatisticsConceptsforDataScience<=PreviouspostNextpost=>  Tags:Beginners,Causation,Correlation,LinearRegression,Probability,StatisticsUnderstandingthefundamentalsofstatisticsisacorecapabilityforbecomingaDataScientist.Reviewtheseessentialideasthatwillbepervasiveinyourworkandraiseyourexpertiseinthefield.commentsByShirleyChen,MSBAinASU|DataAnalyst.Statisticsisaformofmathematicalanalysisthatusesquantifiedmodelsandrepresentationsforagivensetofexperimentaldataorreal-lifestudies.Themainadvantageofstatisticsisthatinformationispresentedinaneasyway.Recently,Ireviewedallthestatisticsmaterialsandorganizedthe8basicstatisticsconceptsforbecomingadatascientist!UnderstandtheTypeofAnalyticsProbabilityCentralTendencyVariabilityRelationshipBetweenVariablesProbabilityDistributionHypothesisTestingandStatisticalSignificanceRegression UnderstandtheTypeofAnalytics DescriptiveAnalytics tellsuswhathappenedinthepastandhelpsabusinessunderstandhowitisperformingbyprovidingcontexttohelpstakeholdersinterpretinformation.DiagnosticAnalytics takesdescriptivedataastepfurtherandhelpsyouunderstandwhysomethinghappenedinthepast.PredictiveAnalytics predictswhatismostlikelytohappeninthefutureandprovidescompanieswithactionableinsightsbasedontheinformation.PrescriptiveAnalytics providesrecommendationsregardingactionsthatwilltakeadvantageofthepredictionsandguidethepossibleactionstowardasolution. Probability Probability isthemeasureofthelikelihoodthataneventwilloccurinaRandomExperiment.Complement:P(A)+P(A’)=1Intersection:P(A∩B)=P(A)P(B)Union:P(A∪B)=P(A)