Almost every R user knows about popular packages like dplyr and ggplot2. But with 10,000+ packages on CRAN and yet more on GitHub, it’s not always easy to unearth libraries with great R functions. Here are the ten most useful R functions you might not know that make my life easier working in R. If … Read more
Statistical Distributions are an important tool in data science. A distribution helps us to understand a variable by giving us an idea of the values that the variable is most likely to obtain. Besides, when knowing the distribution of a variable, we can do all sorts of probability calculations, to compute probabilities of certain situations … Read more
The distribution of wealth follows a well-known pattern sometimes called an 80:20 rule: 80 percent of the wealth is owned by 20 percent of the people. A report last year shows that just eight men had a total wealth equivalent to that of the world’s poorest 3.8 billion people. The distribution of wealth is among … Read more
Statistics is a building block of data science. If you are working or plan to work in this field, then you will encounter the fundamental Statistical Concepts. Certainly, there is much more to learn in statistics, but once you understand these basics, then you can steadily build your way up to advanced topics. In this … Read more
You don’t always need a huge capital to get a business up and running. In fact, sometimes you can get started with little to no funding. Starting a business with no money might initially seem like a foolish idea, but it’s not impossible. It’s true that to start and scale any business, you’re going to need … Read more
When I was a kid I used to wonder what stops the government from printing money? Can’t a country just print money and distribute that money to its citizens? Actually, it does not work like that. Money can be considered as a record that is accepted as compensation or payment for any services or goods. … Read more