Top 5 Statistical Data Analysis Techniques a Data Scientist Should Know

Statistical data analysis is a procedure of performing various statistical operations. It is a kind of quantitative research, which seeks to quantify the data, and typically, applies some form of statistical analysis. Quantitative data involves descriptive data, such as survey data and observational data. Statistical data analysis generally involves some form of statistical tools, which a layman cannot perform without having any statistical knowledge. Linear Regression, is the technique that is used to predict a target variable by providing the best linear relationship among the dependent and independent variables where best fit indicates the sum of all the distances amidst the shape and actual observations at each data point is as minimum as achievable.