Non-parametric tests are used when standard assumptions are not available. These tests don’t rely on distributions, often ...

A Box-Cox Power Transformation allows you to transform data to match a normal distribution. It is not a guarantee of normality. It is a quick way of transforming data to better fit a control chart.

The notion that “Data is the New Oil” has been around for quite some time. Generally credited to mathematician Clive Humby: Data is the new oil. Like oil, data is valuable, but if unrefined it cannot ...

In NBC’s The Good Place, the entire system of the afterlife is thrown into chaos because of one central flaw: The way data about people’s lives is collected and used is completely opaque. Characters ...

Many think the idea of ‘dumping’ in global trade is a red herring. The reason is obvious: if country A is able to dump certain goods in country B, it’s not because A has smuggled them in. It’s because ...