Illusory Correlation
The perception of a relationship between two variables when no such relationship exists.
41 topics found for
“statistical analysis”
Big Data Analytics
The process of examining large and varied data sets to uncover hidden patterns, correlations, and insights.
Train/Test
A method of splitting a dataset into two subsets: one for training a model and another for testing its performance.
Selection Bias
A bias that occurs when the sample chosen for a study or survey is not representative of the population being studied, affecting the validity of the results.
Moneyball
The practice of using data analytics and metrics to make informed decisions, focusing on measurable outcomes and efficiency rather than intuition or traditional methods.