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Time-Series Forecasting: Deep Learning vs Statistics — Who Wins? | by Nikos Kafritsas | Apr, 2023

A comprehensive guide on the ultimate dilemmaCreated with Stable Diffusion In recent years, Deep Learning has made remarkable progress in the field of NLP.Time series, also sequential in nature, raise the question: what happens if we bring the full power of pretrained transformers to time-series forecasting?However, some papers, such as and have scrutinized Deep Learning models. These papers do not present the full picture. Even for NLP cases, some people attribute the breakthrough of GPT models to “more data and…

Simple Explanations of Basic Statistics Concepts (Part 2) | by Chi Nguyen | Mar, 2023

Simple explanations of different statistics conceptsPhoto by Icons8 Team on UnsplashIn Part 1: Simple Explanations of Basic Statistics Concepts, I explained the fundamental ideas behind some statistical concepts, including different definitions relating to population and sample, sampling methods, and confidence interval. Today, I will provide you with additional explanations of several frequently encountered statistical topics. Hopefully, this is a simple tutorial even for those who are not familiar with statistics.Now,…

Competition on spatial statistics showcases the global state of the art in analyzing vast spatial datasets

Credit: Pixabay/CC0 Public Domain In 2021, KAUST ran the first international competition "Spatial Statistics for Large Datasets" using ExaGeoStat's reference datasets. Following that successful event, the Exascale Geostatistics Project (ExaGeoStat) led by Marc Genton and Ying Sun ran a second competition in March-May 2022 attracting researchers from ten groups around the world.

Mathematicians Roll the Dice and Get Rock-Paper-Scissors

In their paper, posted online in late November 2022, a key part of the proof involves showing that, for the most part, it doesn’t make sense to talk about whether a single die is strong or weak. Buffett’s dice, none of which is the strongest of the pack, are not that unusual: If you pick a die at random, the Polymath project showed, it’s likely to beat about half of the other dice and lose to the other half. “Almost every die is pretty average,” Gowers said.The project diverged from the AIM team’s original model in one…

Analyzing the Trustworthiness of Ahrefs Statistics

Ahrefs is a popular SEO tool provider that offers a range of services and products to help webmasters optimize their sites for search engine results. By using Ahrefs, you can analyze your website’s performance, track backlinks, and measure keyword rankings.  This can work for any website, irrespective of what kind of site you run; for instance, check this list, it’s a platform that will inform you about the best casino platform in the UK that offers no-deposit bonuses. As long as your website is live on the web, its…

Gambling statistics in Australia: how much money we lose

Virtual gambling is getting increasingly popular all over the globe, which means there are many players Down Under as well. With so many online casinos that accept Australian players, it’s no strange that gambling sites make a lot of money year after year while users enjoy astonishing games. Gambling stats prove these points. The number of gamblers Down Under is higher than ever.  ccording to projections, the trend doesn’t seem to stop soon, so it’s clear that digital platforms are going to keep making billions of…

Fundamentals of Statistics All Data Scientists & Analysts Should Know — With Code — Part 1 | by Zoumana Keita | Jan, 2023

This article is a comprehensive overview of the fundamentals of statistics for Data Scientists and Data AnalystsImage by Clay Banks on UnsplashBuilding Machine Learning models are cool for making predictions. However, they are not suitable when it comes to having a better understanding of your business problem, which requires the most time in statistical modeling.This article will first try to build your understanding of the fundamentals of statistics that can be beneficial for Data Scientists and Data Analysts'…

Important Formulas in Statistics for Economics | Class 11

Chapter: Organisation of Data1. Width of Class Interval2. Mid-Point or Mid-ValueChapter: Diagrammatic Presentation of Data1. Conversion of percentage into degrees in Pie Diagram2. Adjustment Factor for any Class (Histogram)ORChapter: Measures of Central Tendency: Arithmetic Mean1. Arithmetic Meani) Individual Series:Where,N = Total Number of ItemsWhere,A = Assumed Meand = X – A (deviations of variables from assumed mean)∑d = ∑(X – A) (sum of deviations of variables from assumed mean)N = Total Number of ItemsWhere,A =…

How to Do Language Detection Using Python, NLTK, and Some Easy Statistics | by Katherine Munro | Jan, 2023

A practical introduction to a technology you use every day.Photo by Etienne Girardet on UnsplashEver wondered how Google Translate’s ‘detect language’ feature works? Of course you didn’t, you had better things to do. But I went looking, and couldn’t find the answer (even though I’ve literally written a book on Natural Language Processing (NLP)). It’s Google’s secret sauce. So today, I’ll instead show you a super simple way to do language detection yourself, using one highly underrated NLP tool and some really easy maths.…

Does Understanding Statistics Help Improve Your Strategies for Online Casino Games?

Understanding a variety of important statistics can help improve your strategies when playing certain online casino games, such as blackjack and roulette. It can also help pick slots that are more likely to pay out and avoid the ones that are least likely to pay.  The outcomes of most online casino games are, in fact, determined by Random Number Generators (RNGS), whereas the outcomes of Live Dealer Casino games are not. However, the results from all types of casino games, whether determined by RNGS or not, are about as…