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Statistical Application in R & Python: Poisson Distribution

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Statistical Application in R & Python: Poisson Distribution

Continuing with the series of blogs, the first of which was Statistical Application In R & Python: Normal Probability Distribution, here we bring you a post on how you can calculate Poisson distribution effortless using R & Python. So, stay tuned!

Poisson distribution is a counting process which is a discrete probabilistic model. It has only one parameter, (lambda or “m”) which is essentially the average rate of change. Poisson distribution is used to model “number of anything”. The probability distribution function of a Poisson distribution is given by the below expression.

If m is the mean occurrence per interval, then the probability of having x occurrence with in a given interval is:

Application:

A business firm receives on an average 6.5 telephone calls per day during the time period 11:00 – 11:15 A.M., Find the probability that on a certain day, the firm receives exactly9 calls during the same period.

The random variable x is the ‘number of telephone calls received during the period 11:00 – 11:15 A.M, since x is assumed to Poisson distribution. The parameter m is equal to the mean of the distribution; i.e.  m = 6.5 and x = 9, then the equation is:

Calculate Poisson Distribution in R:

So, while calculating Poisson distribution in R, we notice that the probability of occurring exactly 9 calls instead of average 6.5 calls in a given particular time (11:00 A.M – 11:15 A.M ) = 85.81%

Calculate Poisson Distribution in Python:

So, while we calculate Poisson distribution in Python, we notice that the probability of occurring exactly 9 calls instead of average 6.5 calls in a given particular time (11:00 A.M – 11:15 A.M) = 85.81%

Conclusion:

Companies can use the Poisson distribution to contrive effective steps to improve their operational efficiency. For instance, an analysis done with the Poisson distribution might reveal how a company can arrange staffing in order to be able to handle the peak periods efficiently, when the customer service calls keep on pouring.

In this problem we see that the business firm receives on an average 6.5 telephone calls per day during the time period 11:00A.M – 11:15A.M, then the probability of the firm receives exactly 9 calls in a same is 85.81%.

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A Nifty Guide to Initiate AIOps in 2019

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A Nifty Guide to Initiate AIOps in 2019

AIOps (artificial intelligence for IT operations) is the buzz word of the 21st century.

In this digitally-charged world, AIOps platforms are the key. They fuse ML and big data functionalities to boost and partly replace primary IT operations’ programs, including event correlation and analysis, performance monitoring and IT service automation and management.

In simple terms, AIOps is the combined application of data science and machine learning to help mitigate IT operations-related challenges and find faster insights. It fixes high-severity outages in a jiffy. 

The main objective of revolutionary AIOps platforms is to ingest and analyze the aggravating volume, variety and velocity of data and deliver it in a useful manner.

Deep Learning and AI using Python

IT bigwigs are excited about the prospects of applying AI and ML to IT operations.

Gartner expects that big enterprises’ usage of AIOps and other monitoring tools and applications will rise from 5% in 2018 to 30% in 2023. The long-term impact of AIOps on IT operations is predicted to be transformative.

Fortunately, AI capabilities are making headway, and more real-time solutions are being formulated and made available each day.

Read on to know how to get started with AIOPs:

Be prepared

First and foremost, you have to familiarize yourself with all the ML and AI capabilities and vocabulary. It doesn’t matter if you are gearing up for an AIOps project or not. Capabilities and priorities change; so be ready to implement the platform anytime soon.

Select the first few test cases carefully

Small and steady wins the race. The same phrase applies to transformation initiatives. They start small, seize knowledge and iterate from there. Imbibe the same approach for AIOps success.

Enhance your proficiency

Decode the intricacies of AIOps amongst your colleagues by displaying simple techniques. Ascertain your skills and identify the loopholes, then devise a relevant plan to fill up those gaps in-between.

Feel free to experiment

Although a majority of AIOps platforms are complex and costly, there is a substantial number of open-source and relatively low-cost ML software available in the market that lets you evaluate the efficacy of AIOps and ML applications and their uses.

Look beyond IT

Don’t forget to leverage all kinds of data analytics resources available in your organization. Data management is the cornerstone of AIOps. Most of the teams are already skilled in it. Statistical analytics and business analysis are key components of contemporary business frameworks, and many techniques traverse public domains. 

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Standardize and modernize, as and when required

Prepare your work infrastructure to implement a robust AIOps adoption by embracing secure automation architecture, immutable infrastructure patterns and infrastructure as code (IaC).

Interested in learning more about Machine Learning Using Python? Feel free to reach us at DexLab Analytics. We’re a premier learning platform specialized in offering in-demand skill training courses to the interested candidates.

 

The blog has been sourced from ― www.gartner.com/smarterwithgartner/how-to-get-started-with-aiops

 

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How progressive is an Artificial Neural Network? Tracking ANNs

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How progressive is an Artificial Neural Network? Tracking ANNs

The major improvements that Artificial Neural Network is bringing about in favour of deep learning for computer vision with Python are ground-breaking. Machine vision, in general, is hugely benefitted with the inclusion of the computer vision course Python, spurred by the all-new technology of Neural Networks. This is by and large a huge advancement in the field of computer science and gives much of an insight into what the future holds for us.

However, along with an array of experiments that are performed day in day out with Neural Network Machine Learning Python, numerous other fields are also likely to be revamped in much the same way. Predicting the weather, studying animals and other critical studies of cosmology are also believed to be easing soon holding the hands of the Artificial Neural Network technology.

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Some Well-known Feats of the Artificial Neural Network

Artificial Neural networks (ANNs) are used in studying the patterns, relationships from the collected data just like humans. Going by the name, ANNs are modelled on the neural networks found in our brains, which are used to infuse the machines with the ability to learn by them. Besides, ANNs have been hugely successful in bringing about the concept of self-driving cars, boosting medical technology and numerous other fields. But, here we lay down some other fields which are soaking in the Artificial Neural Network extensively.

Meteorology

The accurate prediction of hailstorms and providing relevant alerts to the specific areas are expected to boost shortly. With the inclusion of Convolutional neural networks, (CNNs) the study of meteorology is deemed to achieve new heights. Besides, this improved technology would also be capable of identifying the size of the hails during this storm.

Tracking Bird Migration

We are all aware of the phenomenon of migration for the birds. But with the changing age, the routes of the birds are also different from what they used to be. However, if you need to track the migration of the birds, you can opt for the exclusive Neural Networks in Python course.

Deep Learning and AI using Python

Interpreting the Dark Matter

Dark matter has been a topic which remains largely unexplored till date. Nothing beyond the name and the fact that it binds the universe together is brought to light. However, with the marked progress of the premium institutes like the Neural Networks Training in Delhi, the dark matter will no longer be a mystery.

 

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Retail 4.0: How Trending Technologies Are Influencing the Retail Industry?

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Retail 4.0: How Trending Technologies Are Influencing the Retail Industry?

The retail industry is undergoing unprecedented changes: courtesy Retail 4.0! It is the term used to denote the transformation that’s taking place at a rapid pace. Technological advancements and customer expectation are key driving factors behind the evolution.

Customers are the bedrock of the retail industry. They are fickle and demanding. With higher spending power and low brand loyalty, they are redefining the consumer trends and forcing retailers to harness the power of big data to ensure a seamless, positive customer experience coupled more secure payment methods and easier online store formats.

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Data is Power

For years, retailers have been working on consumer’s behavior and how to serve them well. Today, amidst increasing competition, data explosion and advanced technological implementations, they seem to lose their erstwhile charm. Data is the answer. In a digital-enabled landscape, retail industry players need to leverage several emerging technologies, such as augmented reality, virtual reality, mixed reality, AI and Internet of Things and draw clear actionable insights.

Gone are the days when retailers relied on their instincts and formulated marketing strategies. Today, predictive analytics is used to boost informed decision-making and conclude the future success of an enterprise. Put simply, retail analytics using Python is the tool to drive optimization, follow corrective measures and reduce revenue leakage. With data at the forefront, retail analytics and its diverse platforms are providing customers with relevant products, superior service and the facility to experience the products even before purchase.

How Does It Work?

Retail analytics targets customer acquisition and focuses on customer study. Through data analysis, the retailers ascertain buying patterns and curated customer engagement strategies. For that, deep insights are generated based on their search criteria, purchase records and frequency of shopping.

Also, retailers can now predict demand precisely. Based on a customer’s historical data, they anticipate when he/she is likely to make a purchase decision and within what duration of time. They can also predict the products the customers are going to re-purchase with the help of AI. Robust machine learning algorithms deliver insights that specify accurate customer recommendations, which help increase retailers’ profit margin.

Deep Learning and AI using Python

Understanding the nuances of consumer behavior is of utmost importance. This is why IoT and AI are combined and used in monitoring customer-store interactions – resulting in better service engagements and higher revenue. Social media has added to the effect. Extracting user information from social media platforms has become a piece of cake. Retail market players can now leverage the social media data, influence customer purchase decisions and enjoy a certain edge against the tailing rivals.

As endnotes, retailers need to embrace the digital transformation and create fresh, enhanced experiences to entice the consumers. After all, the future belongs to the data-inspired companies. So, just stay ahead of the curve using data as the power tool.

 

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Python vs. Scala: Which is Better for Data Analytics?

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Python vs. Scala: Which is Better for Data Analytics?

Data Science and Analytics seem to be synonymous to progress as far as the field of computer science is concerned. Now, with the rise of these technologies, everything goes down to the programming languages, which single-handedly help in the growth of them. 

This gave rise to Python, now known as the most significant language in the world of technology. Scala is another versatile language which is not unknown to the researchers and tech geeks. These two languages are the most talked about in the industry today. Nevertheless, both of them are extensively used in data analytics and data science. However, the debate regarding which one to opt for among the two has always been constant. But worry no longer because here we will discuss both of them, in brief, to help you with your choice!

Deep Learning and AI using Python

Python

Python is really one of the most popular languages in the industry. The open-source nature of the language makes it a popular choice for scripting and automation works. 

Besides, Python is powerful, effective, and easy to learn. Moreover, Neural Network Machine learning Python boasts of its efficient high-level data structures and for object-oriented programming.

Advantages

  • Easy to learn and effective too.
  • Exhaustive support from active communities.
  • Python enjoys built-in support for the datatypes.

Disadvantages

  • Your computer might slow down a little when you are running Python. This is in contrast to when you are running other languages like C or Java.

Scala

If you want an object-oriented, functional programming language, then Scala would certainly be your first choice. It was basically built for the Java Virtual Machine (JVM) and remains the most compatible programming language with Java code till date.

Advantages

  • Scala can utilise the majority of the JVM libraries, thus helping them to be embedded in the enterprise code.
  • It shares an array of readable syntax features of the popular languages, like Ruby.
  • Scala brags about numerous incredible features like string comparison advancements, pattern matching and its likes.

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Disadvantages

  • Scala has a limited number of users in the communities, which encourages lesser interactions and stunted growth.
  • At times the type-information in Scala is really complex to comprehend. This difficulty can be attributed to the functional and object-oriented nature of the language.

We hope that this article helps you to have a brief insight into two of the most demanding programming languages: Python and Scala.

Now, if you want to enrol yourself in Computer vision course Python, you can reach us right at Dexlab Analytics, the most reputable institute for Big Data Analytics. Also, if you are looking for all-inclusive Deep learning for computer vision Course, turn no further than our premium institute to shoot your career up!

 

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Straight Out of College? Grasp These Killer Data Science Skills

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Straight Out of College? Grasp These Killer Data Science Skills

Data Science is one of the most demanding fields in the present world. Going hand in hand with the Artificial Intelligence, Data Science is showing a colossal growth in the coming years. So, honestly speaking, you should be prepared with all of the cutting-edge tools and up skill yourself accordingly to pace up with the modern world.

According to Derek Steer, CEO of Mode, the world will generate 50 times more data than what we were present in 2011. Moreover, with the data processing power becoming easy and inexpensive for most of the firms, candidates with real skill and a hunger for knowledge would only see their way through till the end, added Steer.

Among various other skills like retail analytics using Python, neural network machine learning Python, which are dominating and/or expected to rule the world of technology in the upcoming years, here we list you some of them:

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Data Visualization

This is one of the top notch skills that you can find now. It is process of maintaining data with the help of graphical representations. This further makes the interpretation and thereby, the comprehension of data, much easier.

This is an extremely relevant skill which is not to be found among the high schoolers. This makes the undergraduates or post graduates with the knowhow of data visualisation all the more important everywhere.

Data Modelling

Data Modelling is the second most wanted skill that the entire world is seeking for. In a nutshell, Data Modelling is the process of understanding and using data to seek relationships across varied sets of information.

It is, in fact, a skill which is gaining an immense popularity among the fresh graduates. You can also reach Dexlab Analytics to gain an insight of all the industry relevant courses and enrol yourself asap to speed up your career!

Deep Learning and AI using Python

Python

Python is undoubtedly the most demanding language ever in the history of computer science; hence, it enjoys all the attention that it gets.

With its welcoming nature to every other architecture, which is in sharp contradiction to Java and C++, Python is preferred all the way. Secondly, Python is quite a powerful language and effective too, when it comes to bulk data and a need to process them faster.

It is basically an open source program which is easy accessible and largely customised. This is really a gift for upcoming world of Data Science. Thus, Python for data analysis is an invaluable skill that you can develop to make yourself marketable like never before.

We hope you liked our post! You can Take A Deep Look On How Machine Learning Boosts Business Growth! and more such topics on our website.

 

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Statistical Application of R & Python: Know Skewness & Kurtosis and Calculate it Effortlessly

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Statistical Application of R & Python: Know Skewness & Kurtosis and Calculate it Effortlessly

This is a blog which shall widen your approach on the Statistical Application using R & Python. You perhaps already have been calculating Geometric Mean using R & Python and are already aware of the Application of Harmonic Mean using R & Python. However, if you are eager to further your knowledge about Skewness & Kurtosis and interested to know of their application using R and Python, then this is the right place.

Skewness:

Skewness is a metric which tells us about the location of my dataset. That is, if you want to know where most of the values are concentrated on an ascending scale.

Skewness is of two kinds: Positive skew and Negative skew. A positively skewed dataset will have most of the values concentrated at the beginning of the scale. Eg: If a woman is asked to rate 100 tinder profiles based on the looks on a scale of 1 – 10, 1 being the ugliest and 10 being the most handsome. Then the resulting ratings will be positively skewed. This is to say that women are harsh critiques of looks.

Now, consider another example: Say if the wealth of the 1% richest people were to be plotted on a scale of say $0 – $200 billion. Then, most of the values will be concentrated at the end of the scale. This will be an example of a negatively skewed dataset.

In essence, skewness is the third central moment about mean and gives us a feel for the location of the data set values. It is recommended to go through STATISTICAL APPLICATION IN R & PYTHON: CHAPTER 1 – MEASURE OF CENTRAL TENDENCY to have an understanding of the Central Tendency and its measures. Having no skewness will mean the data set is fairly symmetrical and has a bell shaped curve.

Where n is the sample size, Xi is the ith X value, X is the average and S is the sample standard deviation.  Note the exponent in the summation.  It is “3”.

Kurtosis:

Kurtosis is a statistical measure that’s used to describe, or Skewness, of observed data around the mean, sometimes referred to as the volatility to volatility. Kurtosis is used generally in the statistical field to describe trends in charts. Kurtosis can be present in a chart with fat tails and a low, even distribution, as well as be present in a chart with skinny tails and a distribution concentrated toward the mean.

Kurtosis for a normal distribution is 3.  Most software packages use the formula:


The types of kurtosis are:-


Application:

A person tries to analyze last 12months interest rate of the investment firm to understand the risk factor for the future investment.

The interest rates are:

12.05%, 13%, 11%, 18%, 10%, 11.5%, 15.08%, 21%, 6%, 8%, 13.2%, 7.5%.

Here is the table:

Months

(One Year)

Interest

Rate (%)

April12.05
May13
June11
July18
August10
September11.5
October15.08
November21
December6
January8
February13.2
March7.5


Calculate skewness & Kurtosis in R:

Calculate skewness & Kurtosis in R:
Calculating the Skewness & Kurtosis of interest rate in R, we get the positive skewed value, which is near to 0. The skewness of the interest rate is 0.5585253.

The kurtosis of the interest rate is 2.690519

Kurtosis is less than 3, so this is Platykurtic distribution.

Calculate Skewness & Kurtosis in Python:

Calculate Skewness & Kurtosis in Python:
Calculate Skewness & Kurtosis in Python:
Calculating the Skewness & Kurtosis of interest rate in Python, we get the positive skewed value and near from 0. The skewness of the interest rate is 0.641697.

The kurtosis of the interest rate is 0.241602.

Kurtosis is less than 3, so this is Platykurtic distribution.

Conclusion:

Firstly, according to the output of the data the value is positively skewed(R & Python), positive skewness indicates a distribution with an asymmetric tail extending toward more positive values.

And the kurtosis is less than 3 (R & Python), it is a platykurtic distribution. Positive kurtosis indicates a relatively peaked distribution. And the distribution is light tails.

Secondly, the value of the skewness and kurtosis are different in R and Python, but the actual effects are more or less the same. The results are different because skewness and kurtosis are calculated with different formulae or method for the measurement like Bowley’s measure, Pearson’s(First, Second) measures, Fisher’s measure & Moment’s measure. And different software (ex. R, Python, SAS, Excel etc) using different processes to calculate skewness & kurtosis brings the same ultimate result. The numerical values change only when the numbers are also changed. So, we sometimes get different results.

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There are numerous other blogs that you can follow with Dexlab Analytics. Also, if you want to explore computer vision course Python, neural network machine learning Python and more extensive courses on R & Python, then you can also join us and boost both your passion and career.

 

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Hacking is Wide and Dangerous in India, CBI Reports

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Hacking is Wide and Dangerous in India, CBI Reports

The recent conference organized by the Central Bureau of Investigation on Cyber forensic notes that over 22,000 websites were hacked in India between April 2017 – Jan 2018. Not the best of the news for the nation which is largely counting on their citizens to be tech-savvy.

In the conference, CBI disclosed of its plans to build a cutting edge Centralised Technology Vertical (CTV) to fight crimes, voiced by Minister of State for Personnel, Jitendra Singh. The CTV is a huge project involving around Rs 99 crore, which will not only share the real-time information about the cyber attacks but also of the perpetrators.

From young superintendents of police to top brass of security agencies, police forces, law enforcement officers and the Intelligence attended this conference and discussed about the alarming rise of cybercrimes throughout the country.

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The Major Issue

Jurisdictional issues were a main problem and hit greatly on the investigation in these cases because most of the incidents of cybercrimes are triggered from foreign lands. Though the total loss of money from the recent cybercrimes weren’t disclosed, some debilitating cases in cybercrimes were dicussed once again, which included the loss of USD 171 million from union Bank of India’s Swift.

To End it

To lessen the magnitude of the cybercrimes, the CBI is on their way towards reinforcing them with the state of the art technology. Besides, you can also take up courses in PHP, HTML, Python Certification Training in Delhi, to be informed of the trending languages and be future proof.

 

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Application of Mode using R and Python

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Application of Mode using R and Python

Mode, for a given set of observations, is that value of the variable, where the variable occurs with the maximum or the highest frequency.

This blog is in continuation with STATISTICAL APPLICATION IN R & PYTHON: CHAPTER 1 – MEASURE OF CENTRAL TENDENCY. However, here we will elucidate the Mode and its application using Python and R.

Mode is the most typical or prevalent value, and at times, represents the true characteristics of the distribution as a measure of central tendency.

Application:

The numbers of the telephone calls received in 245 successive one minute intervals at an exchange are shown in the following frequency distribution table:

 

No of Calls
Frequency
0
14
1
21
2
25
3
43
4
51
5
40
6
51
7
51
8
39
9
12
Total
245

 

 [Note: Here we assume total=245 when we calculate Mean from the same data]

Evaluate the Mode from the data.

Evaluate the Mode from the data

Calculate Mode in R:

Calculate mode in R from the data, i.e. the most frequent number in the data is 51.

The number 51 repeats itself in 5, 7 and 8 phone calls respectively.

Calculate Median in Python:

First, make a data frame for the data.

Now, calculate the mode from the data frame.

Calculate mode in Python from the data, i.e. the most frequent number in the data is 51.

The number 51 repeats itself in 5, 7 and 8 phone calls respectively.

Mode is used in business, because it is most likely to occur. Meteorological forecasts are, in fact, based on mode calculations.

The modal wage of a group of the workers is the wages which the largest numbers of workers receive, and as such, this wage may be considered as the representative wage of the group.

In this particular data set we use the mode function to know the occurrence of the highest number of phone calls.

It will thus, help the Telephone Exchange to analyze their data flawlessly.

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Note – As you have already gone through this post, now, if you are interested to know about the Harmonic Mean, you can check our post on the APPLICATION OF HARMONIC MEAN USING R AND PYTHON.

Dexlab Analytics is a formidable institute for Deep learning for computer vision with Python. Here, you would also find more information about courses in Python, Deep Learning, Machine Learning, and Neural Networks which will come with proper certification at the end.

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