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Python: End-to-end Data Analysis

You're reading from   Python: End-to-end Data Analysis Leverage the power of Python to clean, scrape, analyze, and visualize your data

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Product type Course
Published in May 2017
Publisher Packt
ISBN-13 9781788394697
Length 931 pages
Edition 1st Edition
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Authors (5):
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Luiz Felipe Martins Luiz Felipe Martins
Author Profile Icon Luiz Felipe Martins
Luiz Felipe Martins
Ivan Idris Ivan Idris
Author Profile Icon Ivan Idris
Ivan Idris
Phuong Vo.T.H Phuong Vo.T.H
Author Profile Icon Phuong Vo.T.H
Phuong Vo.T.H
Martin Czygan Martin Czygan
Author Profile Icon Martin Czygan
Martin Czygan
Magnus Vilhelm Persson Magnus Vilhelm Persson
Author Profile Icon Magnus Vilhelm Persson
Magnus Vilhelm Persson
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Toc

Chapter 3. Learning About Models

In the most generic sense, a model is an approximate description of a portion of reality. Models are essential to science and, in fact, any area of knowledge: it is only possible to comprehend the world by concentrating on a small part of it at a time and making suitable simplifications.

In this chapter, we will discuss the following topics:

  • Using basic models in data analysis
  • Using the cumulative distribution function and probability density function to characterize a variable
  • Using the preceding functions and various tools to make point estimates and generating random numbers with a certain distribution
  • Discussing examples of discrete and continuous random variables and an overview of multivariate distributions

Models and experiments

Models can take many forms: a verbal description, set of mathematical equations, or segment of computer code. In this book, we are interested in a specific kind of model, probabilistic or statistical model, which...

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