Today’s world is full of lifestyle challenges. Lifestyle challenges like smoking and drinking are causing new levels of obesity and other health risks. Thus for medical researchers, finding different lifestyle patterns and their potential risks is of utmost importance. This…
We have seen self-driving cars in movies like Fast & Furious. This became a reality recently when Elon Musk and Tesla introduced a self-driving car to the world. This technology of self-driving cars is made possible by machine-learning models. Doesn’t…
Let us say that you are a huge fan of cricket and your favorite batsman is going through a bad form and has not been scoring many runs. Now your friend has bet you 1000 rupees that your favorite batsman…
Markov Chains help us to predict future events based on the current state as the only parameter. It does not depend on history to reach the current state. Markov Chains have extensive use in Physics and material sciences. Monte Carlo…
Companies want to know what all types of customers like so they can sell more products. But asking everybody is way too much work. This is where sampling comes in handy! Sampling means only surveying a small group instead of…
We’ve all heard it – “go to college to get a good job.” The assumption is that higher education leads straight to higher incomes. Elite Indian institutes like the IITs and IIMs are even judged based on the average starting…
Probability helps us with making investment choices. Since we can’t foresee the future, investors have to go on likelihood and chance instead of certainty. So before an analyst suggests a stock, they’ll gauge the probability it will gain or lose…