What problem does it solve?
Provides practical statistical guidance to summarize distributions, identify trends and anomalies, and assess whether observed differences are likely due to chance, so analysts can make defensible, business-focused conclusions.
Core Features & Use Cases
- Descriptive statistics: Guidance on choosing mean, median, mode, standard deviation, IQR, and percentiles to characterize distributions.
- Trend analysis & forecasting: Recommendations for moving averages, period-over-period comparisons, naive and seasonal forecasts, and communicating uncertainty.
- Outlier & anomaly detection: Multiple robust detection methods (z-score, IQR, percentile) and a decision framework for handling data errors, genuine extremes, and segmentation.
- Hypothesis testing: When and how to apply t-tests, chi-squared, ANOVA, nonparametric tests, interpretation of p-values, effect sizes, confidence intervals, and sample size considerations.
- Use Case: Validate A/B test results, diagnose sudden metric changes in time series, and produce summary statistics for stakeholder reporting.
Quick Start
Analyze the dataset to compute descriptive statistics, flag outliers by IQR or z-score as appropriate, and run a suitable hypothesis test to compare the specified groups.