Roadmap to Learn Statistics [2024]

In the fast-moving world of data science, mastering statistics are essential for discovering insights and making decisions. Whether you’re new to data science or an experienced data scientist looking to improve your skills, this guide will help you learn the essential statistics needed for success.

Introduction to Statistics

Statistics involves collecting, analyzing, interpreting, presenting, and organizing data. It helps data scientists find meaningful insights, make predictions, and support decisions based on data. Here’s a roadmap to help you master this important part of data science:

  Key Concepts You Need to Know

  1. Descriptive/Summary Statistics
    • Summarizing Data: Learn how to summarize a sample of data.
    • Distributions: Understand different types of data distributions.
    • Skewness and Kurtosis: Learn about data symmetry (skewness) and the “tailedness” (kurtosis).
    • Central Tendency: Understand mean, median, and mode.
    • Measures of Dependence: Learn about relationships between variables, such as correlation and covariance.
  2. Experiment Design
    • Hypothesis Testing: Learn how to test assumptions about data.
    • Sampling: Understand how to collect samples from a population.
    • Significance Tests: Learn how to determine if results are significant.
    • Randomness: Understand the concept of randomness in data.
    • Probability: Learn about the likelihood of different outcomes.
    • Confidence Intervals and Two-Sample Inference: Learn how to estimate population parameters and compare two samples.

  Resources:

Calculus

Calculus, defined as “the mathematical study of continuous change,” helps find patterns between functions. For example, derivatives help understand how a function changes over time.

Many machine learning algorithms use calculus to optimize model performance. One key example is Gradient Descent, which iteratively adjusts model parameters to minimize the cost function. This showcases the importance of calculus in machine learning.

  Key Concepts You Need to Know

  1. Derivatives
    • Geometric definition: Understanding the slope of a function at any point.
    • Calculating the derivative of a function: Learning the rules for differentiation.
    • Nonlinear functions: Applying derivatives to complex, non-linear equations.
  2. Chain Rule
    • Composite functions: Understanding functions made up of multiple functions.
    • Composite function derivatives: Differentiating functions within functions.
    • Multiple functions: Managing derivatives involving several variables.
  3. Gradients
    • Partial derivatives: Calculating derivatives with respect to one variable while keeping others constant.
    • Directional derivatives: Finding the rate of change of a function in any given direction.
  4. Integrals

    : Understanding the area under a curve and the accumulation of quantities.

  Resources:

Linear Algebra

Many popular machine learning methods, like XGBOOST, use matrices for data storage and processing. Matrices, along with vector spaces and linear equations, are part of Linear Algebra. Understanding this field is essential to grasp how these machine learning techniques work.

  Key Concepts You Need to Know

  1. Vectors and Spaces
    • Vectors: Understanding quantities defined by magnitude and direction.
    • Linear Combinations: Combining vectors using scalar multiplication and addition.
    • Linear Dependence and Independence: Understanding when vectors can be written as combinations of others.
    • Vector Dot and Cross Products: Calculating scalar and vector products of vectors.
  2. Matrix Transformations
    • Functions and Linear Transformations: Understanding how matrices transform vectors.
    • Matrix Multiplication: Learning the rules for multiplying matrices.
    • Inverse Functions: Finding matrices that reverse the effect of others.
    • Transpose of a Matrix: Flipping a matrix over its diagonal.

    Resources:

Summary

A solid grasp of statistics, calculus, and linear algebra is crucial for data science. These areas help summarize data, design experiments, and build machine learning models. Mastering these concepts is key to effective data analysis and modeling.

Stay tuned for more in-depth guides and resources in our upcoming blog posts!

Kaggle Master & Senior Data Scientist ( Ambitious, Adventurous, Attentive)

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