STATISTICAL TECHNIQUES
Which is world's oldest computer, dating back to second century BC? What were its functions and how was it found? Details here
Researchers have claimed that the Antikythera mechanism, the world's oldest computer, was designed to analyze gravitational waves or ripples in spacetime caused by major celestial events such as two black holes merging.
Spot financial trends using this MS Excel tool and make advanced predictions for investing
MS Excel helps recognise the seasonal patterns, allowing investors to make advanced predictions.
RBI Guv Shaktikanta Das emphasises on need to eliminate biases in algorithms
Shaktikanta Das emphasizes the importance of enhancing AI and ML techniques at the central bank while addressing ethical considerations and biases in algorithms. The focus on data analysis, data privacy, and global standards for statistics underscores the central bank's commitment to leveraging technology for informed decision-making.
Strange tale of Jim Simons: Despite his investing genius, it’s of little use to investors
Simon’s story is of extraordinary intellect and unconventional methods, setting him apart in the investment world. While Buffett, Munger and Kahneman offered insights and knowledge that the average investor could adopt, Simon’s approach was different. His reliance on advanced mathematical models and statistical analysis was innovative and almost exclusive to his firm’s unique skill set.
Embarking on data Science odyssey: Exploring elite programs from VIT, IITD, and IIMK
Data science programs at VIT, IIT Delhi, and IIM Kozhikode empower students with cutting-edge tools and knowledge to tackle real-world challenges, foster innovation, and drive organizational success through AI and ML techniques.
Cuppa chai, and a tale of two steaming Dollys
Dolly's chai is reportedly a concoction of tea leaves, milk, cardamom, and crushed ginger. Nothing too special about that - except the stylish way he serves it. He pours the milk into the saucepan with a flourish and then shuffles cups before handing them to customers. His fashion sense and antics seem to be inspired by Turkish meat artist superstar Salt Bae (born Nusret Gokce), whose technique for preparing, seasoning and serving meat in his restaurants across the world wowed the likes of Maradona and Devid Beckham. And it clearly works for Dolly.
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Statistics Ministry ties up with ISRO to conduct Urban Frame Survey in digital mode
The Ministry of Statistics and Programme Implementation (MoSPI) has partnered with the National Remote Sensing Centre (NRSC) under ISRO to digitise the Urban Frame Survey (UFS) using the Bhuvan Platform. This collaboration aims to update the UFS regularly and in a timely manner by transitioning from analogue to digital mode. The agreement includes the development of a mobile application for geo-tagging, a web portal for visualisation, and data editing. The MoU was signed by officials from MoSPI and NRSC.
Data Analytics demystified: Your ultimate guide to becoming a Data Analyst
The demand for skilled data analysts is rising significantly as organizations increasingly depend on them to comprehend complicated data sets and enable informed decision-making. The average salary for a data analyst stands at RS 15 Lakh/annum and grows with experience and expertise.
7 Highly Effective Data Analysis Methods and Techniques
Any successful corporate strategy must incorporate data analytics. But how do data analysts turn unprocessed data into informative data? Depending on the sort of data at hand and the kinds of insights they seek, data analysts use a number of approaches and strategies. You may get a practical introduction to data analytics in this free course.
Best Machine Learning Books: Inspire Your Technological Journey with Expert Knowledge
Delve into the realm of machine learning with the best machine learning books. Ignite your curiosity as you explore the latest advancements, algorithms, and applications that are reshaping industries worldwide. From beginners to experts, these books offer invaluable insights and knowledge, empowering you to embrace the limitless possibilities of AI. Buy the best machine learning book and embark on a path of innovation and success.
That statistical rare figure, C R Rao
Rao's entry into the statistical arena was described variously as 'by chance' and 'a last resort' by several commentators. The Cramer-Rao bound was obtained in 1944, when he was teaching the large sample version of the bound - something already known - and a student asked him to prove it for finite samples.
Learn with ETMarkets: Want to understand price trends? Here are 6 key techniques
Nevertheless, Tara faced a new challenge of determining how to identify a trend. With a wise smile, Dev replied that there were several techniques to identify trends in the financial markets.
What to do when you know you have been fooled?
Experience is the mistress of fools. However, a little bit of alertness can save you from the heartbreak of learning through folly alone.
Researchers develop new, inexpensive COVID-19 test that doesn't use scarce reagents
The method, described in the journal PLOS Biology, omits the step in the widely used reverse transcription polymerase chain reaction (RT-PCR) test where the scarce reagents are needed, but has an accuracy of 92 per cent, missing only the lowest viral loads.
Govt to crowd source, develop new data sources, deep dive in existing data for official stats
“We plan to setup a data innovation lab wherein we will try new things. We will tie up with private institutions and industry to work on official datasets, and if that works out, we can integrate it with official statistics,” said an official in the know of the development.
Experimental COVID-19 test detects coronavirus in 10 minutes: Study
According to the study, published in the journal ACS Nano, the test uses a simple assay containing gold nanoparticles to detect a colour change when the virus is present.
11.5 mn job openings by 2026, sky-high salaries: Why data science is booming
Data science started off as a tool used by banks to detect fraud but is now being used worldwide.
Shaktikanta Das cautions against cherry-picking of data by experts
His remarks come in the backdrop of recent controversies over GDP data after former Chief Economic Adviser Arvind Subramanian in a research paper claimed that India has over-estimated its economic growth.
Model Scientist: Statistical physicist who helps biologists understand life at a deep level
He's working on how proteins, after they're made in the cell, acquire key bells and whistles. It's often the difference between health and disease.
Global warming 'hiatus' was never real: Study
Many studies over the past decade have claimed to find a pause or slowdown in global warming and have typically posited this as evidence that is inconsistent with our understanding of global warming.
MSMEs predicting through statistics: How numbers can help in decision making
A useful but a potent weapon at the hand of entrepreneurs especially decision makers at MSMSEs who are lookout for cost effective analysis tools, aiding in decision making.
Planning for the future: How predictive business analytics can be a game changer for SMEs
Predictive analytics can help improve millions of small decisions within an establishment. SMEs launching predictive analytics into action can deliver a decisive new edge in the competitive world.
PMO nudges Statistics Ministry to start quarterly survey of labour force
The survey will provide the govt better information on he country’s labour force, helping it plan policies better. One of the promises of the Modi govt is more job creation.
Learning with Times: 'Ensemble' technique to predict rains
The primary cause of monsoon, which is the seasonal reversal in wind direction, is the difference between annual temperature trends over land and sea.
GDP growth may pick up pace and expand 7.8% this fiscal: HSBC
India's GDP growth is likely to pick up pace and expand by 7.8 per cent during this fiscal and higher next year on the back of improved urban consumption, says a HSBC report.
India's tiger census method flawed, says Oxford study
Celebrations in India over the revival in its tiger population may be premature and the result of a measuring error, according to a team British-India team of scientists.
China denies becoming world's largest economy on PPP terms
"The NBS also took part in the study, which established PPP for different countries, but we need to be cautious in applying the study results," he said.
Good policies call for good data standards: President
He said data mining and statistical techniques had been used to initiate counter terrorism programes.
Statistics Ministry to conduct country-wide Time Use Survey
Government is considering conducting country-wide Time Use Survey (TUS) to assess the activities of people during a day, Parliament was informed today.
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