Best of Statistics — May 2024
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Daily Dose of Data Science | Avi Chawla | Substack·2y
Most Important Plots in Data Science
The post discusses the most important plots in data science, including the KS Plot, SHAP Plot, ROC Curve, Precision-Recall Curve, QQ Plot, Cumulative Explained Variance Plot, Elbow Curve, Silhouette Curve, Gini-Impurity and Entropy, Bias-Variance Tradeoff, and Partial Dependency Plots.
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Daily Dose of Data Science | Avi Chawla | Substack·2y
Probability vs. Likelihood
Probability and likelihood convey different meanings in data science and statistics. Probability is used to determine the possibility/odds of an event while likelihood helps determine if the parameters in a model can be trusted based on observed data.