Building Statistical Models in Python

Develop useful models for regression, classification, time series, and survival analysis

Publisher:Packt Publishing Limited

By: Huy Hoang Nguyen, Paul N Adams and Stuart J Miller

Paid access

|May 2024

E-Book €29.99Institutions €131.95

Description

Make data-driven, informed decisions and enhance your statistical expertise in Python by turning raw data into meaningful insights
Purchase of the print or Kindle book includes a free PDF eBook

Key Features

Gain expertise in identifying and modeling patterns that generate success
Explore the concepts with Python using important libraries such as stats models
Learn how to build models on real-world data sets and find solutions to practical challenges

Book Description

The ability to proficiently perform statistical modeling is a fundamental skill for data scientists and essential for businesses reliant on data insights. Building Statistical Models with Python is a comprehensive guide that will empower you to leverage mathematical and statistical principles in data assessment, understanding, and inference generation.

This book not only equips you with skills to navigate the complexities of statistical modeling, but also provides practical guidance for immediate implementation through illustrative examples. Through emphasis on application and code examples, you’ll understand the concepts while gaining hands-on experience. With the help of Python and its essential libraries, you’ll explore key statistical models, including hypothesis testing, regression, time series analysis, classification, and more.

By the end of this book, you’ll gain fluency in statistical modeling while harnessing the full potential of Python's rich ecosystem for data analysis.

What you will learn

Explore the use of statistics to make decisions under uncertainty
Answer questions about data using hypothesis tests
Understand the difference between regression and classification models
Build models with stats models in Python
Analyze time series data and provide forecasts
Discover Survival Analysis and the problems it can solve

Who this book is for

If you are looking to get started with building statistical models for your data sets, this book is for you! Building Statistical Models in Python bridges the gap between statistical theory and practical application of Python. Since you’ll take a comprehensive journey through theory and application, no previous knowledge of statistics is required, but some experience with Python will be useful.