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Building Statistical Models in Python

You're reading from   Building Statistical Models in Python Develop useful models for regression, classification, time series, and survival analysis

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Product type Paperback
Published in Aug 2023
Publisher Packt
ISBN-13 9781804614280
Length 420 pages
Edition 1st Edition
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Concepts
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Authors (3):
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Huy Hoang Nguyen Huy Hoang Nguyen
Author Profile Icon Huy Hoang Nguyen
Huy Hoang Nguyen
Paul N Adams Paul N Adams
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Paul N Adams
Stuart J Miller Stuart J Miller
Author Profile Icon Stuart J Miller
Stuart J Miller
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Toc

Table of Contents (22) Chapters Close

Preface 1. Part 1:Introduction to Statistics
2. Chapter 1: Sampling and Generalization FREE CHAPTER 3. Chapter 2: Distributions of Data 4. Chapter 3: Hypothesis Testing 5. Chapter 4: Parametric Tests 6. Chapter 5: Non-Parametric Tests 7. Part 2:Regression Models
8. Chapter 6: Simple Linear Regression 9. Chapter 7: Multiple Linear Regression 10. Part 3:Classification Models
11. Chapter 8: Discrete Models 12. Chapter 9: Discriminant Analysis 13. Part 4:Time Series Models
14. Chapter 10: Introduction to Time Series 15. Chapter 11: ARIMA Models 16. Chapter 12: Multivariate Time Series 17. Part 5:Survival Analysis
18. Chapter 13: Time-to-Event Variables – An Introduction 19. Chapter 14: Survival Models 20. Index 21. Other Books You May Enjoy

Summary

In this chapter, we introduced the concept of a hypothesis test. We started with a basic outline of a hypothesis test with the four key steps:

  • State the hypothesis
  • Perform the test
  • Determine whether to reject or fail to reject the null hypothesis
  • Draw a statistical conclusion with a scope of inference

Then we talked about potential errors that can occur and false positives and false negatives and defined the expected error rate (alpha) of a test and the power (beta) of a test.

We also discussed the statistical procedure called the z-test. This is a type of hypothesis test using sample data assumed to be normally distributed. The z-score and z-statistic were also introduced in the section on different types of z-tests, such as one-sample or two-sample z-tests for means or proportions.

Finally, we discussed the concept and motivation behind the power analysis, which can be used to identify the probability of incorrectly rejecting the null hypothesis...

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