Basic Statistical Inference: Part 2
The key statistical concepts that will be explored in this session are:
- What is correlation and how to measure the strengh of correlation?
- Application of correlation in real world. For example, how correlation is often used in portfolio management to measure the amount of diversification among the assets contained in a portfolio.
Video:
1. Correlation Analysis
- Explore different variable types in analytics or statistics in the following notebook.
- How to visualize the distribution of different types of variables.
2. Analytical Variables