Statistical Simulation in Python Data Camp

Overview

Context

Although simulations have been around for a long time, interest in this area has recently grown due to the rise in computational power and the applications across Artificial Intelligence, Physics, Computational Biology and Finance just to name a few.

This Statistical Simulation in Python course offered by Data Camp provides hands-on experience with simulations using real-world applications, starting with an introduction to random variables and the tools you need to run a simulation.

Gain an Introduction to Probability Concepts

The second chapter in this course provides an overview of probability concepts, using practice exercises based on card games and well-known probability puzzles to provide a framework for your new knowledge. You’ll finish this chapter by modeling an eCommerce advertising simulation.

Discover Resampling Methods and Applications

The third chapter looks at different resampling methods, including bootstrap resampling, jackknife resampling, and permutation testing. Once you’ve completed this course, you’ll be able to add these methods to your data analysis process.

Learn to Use Simulation for Business and Build Your Portfolio

Simulation has many real-world applications, especially in the world of business. The final chapter in this course looks at these, and takes you through a business planning problem to get you used to using your new skills in a business setting. You’ll look at modeling profits, optimizing costs, and getting started with power analysis.