Applied Statistics Notes

Session 1
Statistics – is defined as a group of methods used to collect , analyze, present and

interpret data in order to make decisions. Two main types of statistics are

descriptive and inferential.

3 phases of analytics :

1. Descriptive -which use data aggregation and data mining to provide insight

into the past and answer: “What has happened?”

2. Predictive- which use statistical models and forecasts techniques to

understand the future and answer: “What could happen?”

3. Prescriptive - which use optimization and simulation algorithms to advice

on possible outcomes and answer: “What should we do?”

CRISP-DM

Step 1- identify what specific problem u are interested in addressing in this

specific data mining project.

Step 2- collecting of data> describe data>explore data> verify data quantity.

Step 3- select data> clean data> construct data> format data

Step 4- select modeling technique> generate test design> build model> access

model

Step 5- evaluate results> review process>determine next steps

Step 6- reuse of the discovered pattern