Statistical Modelling

Data Science

An interdisciplinary field using scientific methods, algorithms, and systems to extract knowledge and insights from structured and unstructured data.

Big Data

Extremely large and complex datasets that require advanced computational tools and techniques to store, process, and analyse.

Data Engineering

The practice of designing, building, and maintaining data infrastructure, pipelines, and architectures.

Exploratory Data Analysis

An approach to analysing datasets to summarise their main characteristics, often using statistical graphics and visualisation.

Diagnostic Analytics

Analysis techniques focused on understanding why something happened by examining data patterns and correlations.

Time Series Analysis

Statistical techniques for analysing time-ordered data points to identify trends, cycles, and forecasting patterns.

Regression Analysis

A set of statistical processes for estimating the relationships between dependent and independent variables.

Hypothesis Testing

A statistical method for making decisions about population parameters based on sample data evidence.

Bayesian Statistics

A statistical approach that incorporates prior knowledge and updates probability estimates as new data is observed.

Monte Carlo Simulation

A computational technique using repeated random sampling to obtain numerical results for problems with many coupled variables.

Business Analytics

The practice of iterative exploration of organisational data to drive business planning and decision-making.

Market Basket Analysis

A data mining technique discovering associations between items frequently purchased together.

Advanced analytics that recommends specific actions to achieve desired outcomes based on predictive analysis.

Changes in the statistical properties of data over time that can degrade machine learning model performance.

Analysing relationships and connections between entities represented as nodes and edges in a graph structure.

The analysis of historical data to understand what has happened in the past and identify patterns.

Statistical analysis measuring the strength and direction of the relationship between two or more variables.

Using NLP techniques to extract insights and sentiment from unstructured text data at scale.

The discipline of analysing data as soon as it becomes available to support immediate decision-making.

A formal agreement between data producers and consumers that defines the structure, semantics, quality standards, and service levels of a shared data interface.