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Unistat – general statistics package that can also work as Excel add-in; WarpPLS – statistics package used in structural equation modeling; Wolfram Language [8] – the computer language that evolved from the program Mathematica. It has similar statistical capabilities as Mathematica.
The terms 'computational statistics' and 'statistical computing' are often used interchangeably, although Carlo Lauro (a former president of the International Association for Statistical Computing) proposed making a distinction, defining 'statistical computing' as "the application of computer science to statistics", and 'computational ...
There are a few reviews of free statistical software. There were two reviews in journals (but not peer reviewed), one by Zhu and Kuljaca [26] and another article by Grant that included mainly a brief review of R. [27] Zhu and Kuljaca outlined some useful characteristics of software, such as ease of use, having a number of statistical procedures and ability to develop new procedures.
A common application of business analytics is portfolio analysis. In this, a bank or lending agency has a collection of accounts of varying value and risk . The accounts may differ by the social status (wealthy, middle-class, poor, etc.) of the holder, the geographical location, its net value, and many other factors.
Data science is "a concept to unify statistics, data analysis, informatics, and their related methods" to "understand and analyze actual phenomena" with data. [5] It uses techniques and theories drawn from many fields within the context of mathematics, statistics, computer science, information science, and domain knowledge. [6]
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Related: 300 Trivia Questions and Answers to Jumpstart Your Fun Game Night What Is Today's Strands Hint for the Theme: "Shape and Bake"? Today's Strands game deals with molds/shapes for a yummy treat.
Forensic statistics is the application of probability models and statistical techniques to scientific evidence, such as DNA evidence, and the law. In contrast to "everyday" statistics, to not engender bias or unduly draw conclusions, forensic statisticians report likelihoods as likelihood ratios (LR).