By a small sample, we may judge the whole pic! All of us might have used the concept of sampling in our routine life. For instance, while purchasing vegetables from a shop market, don’t we examine a few to assess … Continued
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1. Machine Maintenance is always cheaper then downtime! Sooner or later, all machines run to fail and monitoring the condition of the machine is crucial for any enterprise as any unplanned downtime can have greater economic impact resulting in reduced … Continued
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1. Outlier, an Outsider! Outliers, also referred to as anomaly, exception, irregularity, deviation, oddity, arise in data analysis when the data records differ dramatically from the other observations. In layman’s terms, an outlier can be interpreted as any value that … Continued
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