Uploaded June 2026 | Updated September 2026, 3 hours ago
In this video, we explain what predictive analytics is in simple, easy-to-understand terms. You’ll learn how existing data is used to make predictions about new cases—for example, whether a product will be defective or what the expected scrap rate will be. We’ll also show you the difference between classification and regression and explain why training and test data are important.
► Predictive Analytics Software
numiqo.com/statistics-calculator/predictive-analytics
► Sample Data
numiqo.com/statistics-calculator/predictive-analytics?example=quality_management_scrap_classification
► E-BOOK
numiqo.com/statistics-book
In this video, we explain what predictive analytics is in simple, easy-to-understand terms. You’ll learn how existing data is used to make predictions about new cases—for example, whether a product will be defective or what the expected scrap rate will be. We’ll also show you the difference between classification and regression and explain why training and test data are important.
► Predictive Analytics Software
numiqo.com/statistics-calculator/predictive-analytics
► Sample Data
numiqo.com/statistics-calculator/predictive-analytics?example=quality_management_scrap_classification
► E-BOOK
numiqo.com/statistics-book
![Kendalls Tau [Easily explained]](https://i.ytimg.com/vi/Pm8KV5f3JM0/mqdefault.jpg "Kendalls Tau [Easily explained]
Kendalls tau is a correlation coefficient and is therefore a measure of the relationship between two variables.
But what is the difference between the Pearson correlation and the Spearman rank correlation? In contrast to the Pearson correlation, the Kendalls rank correlation is a non-parametric test procedure. For the calculation of Kendalls Tau, the data does not have to be normally distributed and the two variables only have to have an ordinal scale level. Kendalls Tau is very similar to Spearmans rank correlation coefficient. However, Kendalls Tau should be preferred over Spearmans correlation when there is very little data with many rank ties!
► Online calculator Kendalls Tau
https://numiqo.com/statistics-calculator/correlation
► Tutorial Kendalls Tau
https://numiqo.com/tutorial/kendalls-tau
► EBOOK
https://numiqo.com/statistics-book")
![Simple Linear Regression vs. Multiple Linear Regression [in 60 sec.] #shorts](https://i.ytimg.com/vi/QDIcHw5mEMo/mqdefault.jpg "Simple Linear Regression vs. Multiple Linear Regression [in 60 sec.] #shorts
Simple Linear Regression vs. Multiple Linear Regression
#statistics #datascience #dataanalysis #dataanalytics #research #student #thesis #stats #researcher #science #datatab #SPSS #machinelearning")
