Data Science Vs Statistics Essay

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Data Science Vs Statistics Essay

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Data scientists are required to have a blend of math, statistics, and computer science, as well as an interest in—and knowledge of—the business world. If this description better aligns with your background and experience, perhaps a role as a data scientist is the right pick for you. Be sure to take the time and think through this part of the equation, as aligning your work with your interests can go a long way in keeping you satisfied in your career for years to come. Different levels of experience are required for data scientists and data analysts, resulting in different levels of compensation for these roles.

Since these professionals work mainly in databases, however, they are able to increase their salaries by learning additional programming skills, such as R and Python. According to PayScale , however, data analysts with more than 10 years of experience often maximize their earning potential and move on to other jobs. Two common career moves—after the acquisition of an advanced degree —include transitioning into a developer role or data scientist position, according to Blake Angove, director of technology services at IT recruiting firm LaSalle Network. Data scientists—who typically have a graduate degree , boast advanced skills, and are often more experienced—are considered more senior than data analysts, according to Schedlbauer. As such, they are often better compensated for their work.

The career trajectory for professionals in data science is positive as well, with many opportunities for advancement to senior roles such as data architect or data engineer. Simply input your field into the search bar and see your potential path laid out for you, including positions at the entry-level, mid-level, senior-level, and beyond. Data analysts and data scientists have job titles that are deceptively similar given the many differences in role responsibilities, educational requirements, and career trajectory. Once you have considered factors like your background, personal interests, and desired salary, you can decide which career is the right fit for you and get started on your path to success.

To learn more about advancing your career —or even getting started in a career —in analytics, download our free guide below. This article was originally published in February It has since been updated for accuracy and relevance. Stay up to date on our latest posts and university events. Plus receive relevant career tips and grad school advice. Subscribe By providing us with your email, you agree to the terms of our Privacy Policy and Terms of Service. Return to Blog Homepage. Data Analytics vs. Data Science While data analysts and data scientists both work with data, the main difference lies in what they do with it. Working in Data Analytics The responsibility of data analysts can vary across industries and companies, but fundamentally, data analysts utilize data to draw meaningful insights and solve problems.

Typical Background Data analysts can have a background in mathematics and statistics, or they can supplement a non-quantitative background by learning the tools needed to make decisions with numbers. Roles and Responsibilities Data analysts are often responsible for designing and maintaining data systems and databases, using statistical tools to interpret data sets, and preparing reports that effectively communicate trends, patterns, and predictions based on relevant findings. Working in Data Science Data scientists, on the other hand, estimate the unknown by asking questions, writing algorithms, and building statistical models. Typical Background Drew Conway , data science expert and founder of Alluvium, describes a data scientist as someone who has mathematical and statistical knowledge, hacking skills, and substantive expertise.

Choosing Between a Data Analytics and Data Science Career Once you have a firm understanding of the differences between data analytics and data science—and can identify what each career entails—you can start evaluating which path is the right fit for you. Consider your personal background. Consider your interests. Consider your desired salary and career path. Which is right for you? About Kristin Burnham Kristin Burnham is a journalist and editor, as well as a contributor to the Enrollment Management team at Northeastern University.

Related Articles. The Biggest Data Analytics Challenges of Computer Science vs. Did You Know? There are more than 2. All rights reserved. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Course Description This course prepares graduate students to apply statistics and probability concepts to business decisions in organizations that focus on process improvement.

Students learn criteria for developing effective research questions, including the creation of appropriate sampling populations and instruments. Other topics include descriptive statistics, probability concepts, confidence intervals, sampling designs, data collection, and data analysis—including parametric and nonparametric tests of hypothesis and regression analysis. University policies are subject to change. Be sure to read the policies at the beginning Write a brief paper on Statistics and Operations Research in the context of Analytics.

Analytics is defined as the scientific process of transforming data into insight for making better decisions. It is the combination of skills, technologies, applications and processes used by data scientist to gain insight in to their business based on data and statistics to drive business planning. Operations research overlaps with other disciplines, such as industrial engineering and operations management. It is often concerned with determining an optimal solution out of a business problem.

It may either to maximize your profit, performance, or yield or minimize your losses, risk, or cost. In the fields of production, logistics, or sales where managers are facing a problems so as how to allocate resources, develop production schedules, manage the supply chain, and set prices. For example, it many help to decide how to Lilian Otieno, Resident Lecturer I am tasked to distinguish between parametric and non-parametric statistics and explain when to use each method in analysis of data. I shall first seek to define what parametric and non-parametric statistics mean and then compare and contrast them in the analysis of data. Parametric statistics is a branch of statistics that assumes that the data has come from a type of probability distribution and makes inferences about the parameters of the distribution.

Most well-known elementary statistical methods are parametric. According to Wikipedia, the online dictionary. In statistical analysis, parametric significance tests are only valid if certain assumptions are met. If they are not, nonparametric tests can be used. A parameter is a measure of an entire population, such as the mean height of every man in London. In statistical analysis, one practically never has measurements from a whole population and has to infer the characteristics of the population from a sample. Generally speaking parametric methods make more assumptions than non-parametric methods.

If those extra assumptions are correct, parametric methods can produce more accurate and precise estimates. They are said to have more statistical power. However, if assumptions are incorrect, parametric methods can be very misleading. For that reason they are often not considered robust. On the other hand, parametric formulae Inferential statistics and the reasons why we use them. I will also discuss hypothesis development and testing, when to select the appropriate statistical test, and how to evaluating statistical results.

In this class I learned the difference between descriptive statistics and inferential statistics. We use descriptive statistics to measure and analysis data. There are a number of reasons why we use Descriptive statistics. We use it, because Descriptive statistics numerical summaries measure the central tendency of a data set, it can include graphical summaries that show the spread of the data, and they provide simple summaries about the sample that help interpret and analyze data. First, there are a number of reasons why we use descriptive statistics we use it because descriptive statistics numerical summaries that either measure the central tendency of a data set.

In business therefore descriptive statistics helps in making conclusions about various issues and therefore helps in making decision. Description statistics is the first step in analyzing data before making inferences of data, therefore it is important in analyzing any data collected that will help in describing the characteristics of data collected. There are three measurements that we tend to use. One measurement is the mean. The mean is often referred to as the average.

The average is found by adding all the data and then multiplying by the total number of data value. We also measure the median. The median Probability and statistics are two related but separate academic disciplines. Statistical analysis often uses probability distributions, and the two topics are often studied together. However, probability theory contains much that is of mostly of mathematical interest and not directly relevant to statistics. Moreover, many topics in statistics are independent of probability theory.

Probability or likelihood is a measure or estimation of how likely it is that something will happen or that a statement is true. The higher the degree of probability, the more likely the event is to happen, or, in a longer series of samples, the greater the number of times such event is expected to happen. Probability theory is also used to describe the underlying mechanics and regularities of complex systems.

Statistics is the study of the collection, organization, analysis, interpretation and presentation of data. It deals with all aspects of data, including the planning of data collection in terms of the design of surveys and experiments. The word During the late 19th century, psychology became an actual science because of the fascination of human behavior. Psychologists use observation to measure human behavior better to understand mental and biological processes, motives, and personality traits. Human behavior may be understood through applied and academic science Psychology Majors, Based on this, research using the scientific method is necessary for statistical psychology.

Early research and use of scientific method in psychology included the works of Edward Titchener. Titchener used structuralism to explore aspects of the mind. Research through this method focused on introspection, or individual conscious experience. Titchener used a table method similar to a chemistry periodic table to study human behavior. Titchener believed experimentation was the only scientific method to use for the study psychology Northern Illinois University, A paradigm is a set of shared metaphors that compare any object of study through investigation. Many modern psychologists use innovative approaches to study human behavior to support traditional methods of psychology through use of research using the scientific method.

According to Kampis and Karsai , the scientific method can best be learned through research. Why Study Statistics? For example, the average height of students in this class.

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