Essay Samples on Statistics

Models and Methods of Wind Speed Forecasting

Wind power energy has a significant importance in the electric grid. As it is an inexhaustible and freely available resource, its usage is globally increasing. It is replacing all other costly exhaustible resources that were used so far. So, accurate prediction of wind power is…

Two Types of Statistics: Descriptive and Inferential

Statistics is sub field of both science and mathematics as it uses the rules from these two fields. It works with the calculations and quantifications of data, scrutinizing it, elucidating, and dispensing it in the best form. The students of this subject collect the data…

Introduction of Statistics: Definition, Key Characteristics, Benefits, Methods and Approaches

Definition Branch of mathematics concerned with collection, classification, analysis, and interpretation of numerical facts, for drawing inferences on the basis of their quantifiable likelihood (probability). Statistics can interpret aggregates of data too large to be intelligible by ordinary observation because such data (unlike individual quantities)…

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