Probability distributions: Normal, Bernoulli, Binomial, Poisson
Descriptive and inferential statistics
Central limit theorem and sample distribution concepts
Normal approximation; hypothesis testing procedures: tests about the mean of a normal population
The t-test, Z-tests for differences between two population means, the two-sample t-test, confidence interval for mean of normal population
ANOVA
Data Understanding and Preprocessing (10 hours)
Types of data: structured, unstructured, semi-structured
Data preprocessing requirements
Data sources and collection methods
Data cleaning and preparation
Data wrangling and associated tools
Data enrichment, validation and publishing
Data transformation and normalization
Dimensionality reduction: linear factor model, principal component analysis (PCA)
Data Analysis (8 hours)
Data analytics: descriptive, diagnostic, predictive and prescriptive analytics
Exploratory data analysis using descriptive statistics
Data visualization
Data visualization techniques
Principles of effective data visualization
Feature engineering and other aspects of data manipulation
Regression and Predictive Modeling (5 hours)
Empirical models, simple linear regression, MLE and least square estimator
Multiple linear regression, matrix approach to multiple linear regression, polynomial regression models, categorical regressors, indicator variables, selection of variables and model building
Logistic regression
Modeling and Validation Processes (6 hours)
Introduction to machine learning
Introduction to supervised, unsupervised and reinforcement learning
Modeling process, training and validating model, cross validation methods, predicting new observations interpretation
Measures for model performance and evaluation: classification accuracy, confusion matrix, sensitivity, specificity, precision, recall, F-score, ROC curve, clustering performance measures
Ethics and Recent Trends (3 hours)
Ethical considerations in data science
Data privacy regulations
Responsible data usage
The five Cs
Future trends
Practicals
Get acquainted with data science tools and perform statistical analysis
Hypothesis tests (e.g., t-tests, Z-tests) on sample datasets to compare population means
Simulate and apply the central limit theorem (CLT) to demonstrate how sample distributions converge to a normal distribution
Perform data wrangling and ETL processes on a dataset, followed by exploratory data analysis (EDA)
Utilize tools to create effective data visualizations (line charts, bar charts, heat maps, box plots) to derive key insights
Implement feature extraction and selection techniques, including encoding methods like one-hot encoding and creating new features based on domain expertise
Develop a simple linear regression model, extend it to multiple linear regression, and visualize the regression line and residual plots
Apply logistic regression and evaluate the model using metrics such as accuracy, precision, recall, and the ROC curve
Apply K-means clustering and assess cluster quality using evaluation metrics like the silhouette score