The sense behind the numbers
Since primary school, we’ve been able to easily determine which number is bigger and which is smaller. Now things have become more complicated; we all grew up and are aiming to be highly effective in our career. Today a lot of people want to create their own business, and to do this successfully, you need to have knowledge, especially knowledge of statistics. For understanding your analytics in-depth, annual reports, or the reliability of your business results, the Apply Statistics course is a major helping factor.
Apply Statistics course at Harbour.Space
Let’s take a closer look on what specific skills students received from the Apply Statistic course. Topics include: hypothesis testing, correlation and regression, multiple regression, and statistical control of confounding. This may look very tough, but Harbour.Space instructor Leah Isakov completely changed the perception about exact sciences. Her main goal was to show the real-life application and relevance of statistic in work, that is why she was very picky in choosing the materials for the classes. Students were challenged to go deeper in programming languages for statistical computing and graphics, which allowed them to get results easily, efficiently, and make the overall study more effective. Also, all the data for the analysis was taken from real businesses, which made the process even more fascinating and intriguing. By the end of the course, students had become more confident in their understanding of business indicators, as well as their abilities to analyse not only the separate numbers but where they came from and why.
Why Digital Marketers should understand statistics
Statistics help to make important decisions, find hidden relationships between phenomena and better understand the situation in business and the market. Marketers receive objective data from the development of social media, advertising, design, brand, and other constituent. Furthermore they need to report the best strategy and prove why it is better than previous or alternative options. "I do not like this color" or "I like this, but I do not like that" can not be considered as an objective way of evaluating situations. The same way big numbers do not demonstrate the stability of success and vice versa. It is vital in marketing to not make a quick conclusions, but rather analyse the whole situation. If we want to be professional in our field, we really need to understand the origin of data and what factors were influenced by it. That is why the modern marketing is the Data-driven marketing.
How do statistiсs provide help to humanity?
Statistics is a science that is inseparable in the life of every society, it determines the dynamics of development, recession, and growth of social phenomena. It is a science that solves certain goals by development of statistical methods, and also through the advancement of information technologies. Statistics are found and applied today in almost every domain of human activity, such as:
- Experimental science
- Natural science
- Economics and finance
- Medical research
Statistics provide a lot of predictions to things like sea levels, earthquakers, storms and many many others natural and social phenomenons. A probability provides a quantitative description of the chances or likelihoods associated with different results. Also, the data analysis allows us to see trends in a diverse range of industries, including banking, retail, and healthcare. Statistics allow you to develop the ability to observe and draw conclusions, analyse data and apply these results in practice.