Mathematics for Machine Learning
Statistics is a branch of mathematics that involves collecting, analyzing, interpreting, and presenting data. It provides tools andmethods to understand and make sense of large amounts of dataand to draw conclusions and make decisions based on the data.
Statistics is used in a wide range of fields, such as business, economics, social sciences, medicine, and engineering. It is used to conduct research studies, analyse market trends, evaluate the effectiveness of treatments and interventions, and make forecasts and predictions.
Examples:Business - Data Analysis(Identifying customer behavior) and Demand ForecastingMedical - Identify efficacy of new medicines(Clinical trials), Identifying risk factor for diseases(Epidemiology)Government & Politics - Conducting surveys, PollingEnvironmental Science - Climate research
Types of Statistics
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