Computing the summary statistics of a dataset

Obtaining the summary statistics of a dataset helps us to understand quite a few attributes of the dataset:

• Number of observations in the dataset
• Minimum value and maximum value
• Variance of the dataset
• Mean values in the dataset
• Skewness of the dataset
• Kurtosis of the dataset

How to do it...

The summary statistics of a dataset can be obtained using the describe function within scipy.stats.

The process to obtain the summary statistics of a dataset is as follows:

1. Import the relevant packages:

from scipy import stats

2. Initialize an array:

a = np.arange(10)

In the preceding code, we have initialized a one-dimensional array.

3. Fetch the summary statistics of the dataset (array)...