LEVELS OF MEASUREMENT

LEVELS OF MEASUREMENT

By NATALIA GOLONKA (Predictive Solutions) The level of measurement is one of the most important properties of variables. It determines which statistical tests will be available to the researcher during the course of the analysis. But what information does it convey to...

LOGISTIC REGRESSION

LOGISTIC REGRESSION

By WIKTORIA KORYGA (Predictive Solutions) In practice, the simplest and most commonly used type of regression is the linear regression model, whose parameters are estimated using the Least Squares Method. However, linear regression is only used to predict a continuous...

GINI INDEX

GINI INDEX

By WIKTORIA KORYGA (Predictive Solutions) The Gini index is a measure of the concentration of a variable's distribution. In statistics it is commonly used to describe the concentration (unevenness) of the distribution of a random variable, while its most popular use...

THE POWER OF A TEST

THE POWER OF A TEST

By RAFAŁ WAŚKO (Predictive Solutions) The power of a test is the probability of detecting a statistically significant effect when one actually occurs in the population under study. Without adequate test power, we may make a type II error, meaning that the analyst will...

SKEWNESS AND KURTOSIS

SKEWNESS AND KURTOSIS

By WIKTORIA KORYGA (Predictive Solutions) Kurtosis and skewness are measures of asymmetry that describe such properties as the shape and asymmetry of the distribution under analysis. They provide us with information on how the values of the variables deviate when...

STUDENT T-TESTS

STUDENT T-TESTS

By RAFAŁ WAŚKO (Predictive Solutions) The Student's t-test group is used to compare two groups of results, measured by the arithmetic mean, against each other. WHAT DO THE T-TESTS TEST? These types of tests will be useful to us when we want to determine whether the...

Customer Effort Score (NPS)

Customer Effort Score (NPS)

By RAFAŁ WAŚKO (Predictive Solutions) Customer Effort Score (CES), along with Net Promoter Score (NPS), and Customer Satisfaction (CSAT), is one of the key indicators related to clients' satisfaction. All these three indicators are intended to understand the moods of...

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