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Essential Math Skills for Data Professionals
Aug 24, 2024
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Review flashcards
How Much Math You Need to Learn to Become a Data Professional
Introduction
Overview of required math for data professionals
Focus on various categories and examples to simplify understanding
Importance of subscribing to resources for further learning
Categories of Data Professionals
Data Analyst
Entry level position
Responsible for basic data interactions and reporting basic insights.
Business Analyst
Works on extracting insights to solve business problems.
Requires interaction with business heads and stakeholders.
Data Scientist
Engages in sophisticated data analysis and model building.
Requires advanced understanding of algorithms and predictive analytics.
Others
MLOps Engineer, Data Engineer, Machine Learning Manager, AI Manager.
Importance of Math in Data Science
Math is essential across all data roles.
Key areas of math required:
Statistics
Subcategories: Descriptive, Inferential, Hypothesis Testing, Regression, Time Series.
Linear Algebra
Key areas: Matrices, Vectors, Optimization.
Calculus
Focus on differentiation and integration.
Discrete Mathematics
Topics: Combinatorics, Graph Theory, Probability Theory.
Statistics Breakdown
Descriptive Statistics
Provides summaries of data through measures of central tendency and dispersion.
Measures of Central Tendency
: Mean, Median, Mode.
Measures of Dispersion
: Variance, Standard Deviation, Range.
Inferential Statistics
Makes predictions or inferences about a population based on a sample.
Involves estimating population parameters and hypothesis testing.
Hypothesis Testing
Formulate Hypothesis
Null Hypothesis (H0): Initial assumption.
Alternate Hypothesis (H1): What you aim to prove.
Testing
Use Z-Test or T-Test to analyze data.
Determine acceptance or rejection of null hypothesis based on test results.
Type of Errors in Hypothesis Testing
Type I Error
(α): Rejecting a true null hypothesis.
Results in a false positive.
Type II Error
(β): Failing to reject a false null hypothesis.
Results in a false negative.
Z-Test vs T-Test
Z-Test
: Used when sample size > 30 and population standard deviation is known.
T-Test
: Used when sample size < 30 or population standard deviation is unknown.
Conclusion
Math is critical for various data roles.
Emphasis on statistics, especially in hypothesis testing.
Understand errors and their implications in data analysis.
Encouragement to explore further resources and practice.
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