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Which statistical technique do you find indispensable for quant analytics?

(Last Updated On: March 6, 2012)

Which statistical technique do you find indispensable for quant analytics?

If you were allowed to equip your statistical tool belt with only one technique to perform data analysis, which one would it be and why?

 

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Scatterplots, Google Anscombe’s Quartet to see a famous example of why.

 

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After researching Anscombe’s Quartet, I could also make a compelling case for scatterplots as the most essential statistical technique.

 

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If you like Anscombe’s scatterplots, you will like JMP’s multivariate scatterplots, whcih can handle pairwise scatterplots for continuous mulri-variables.

 

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Generalised linear modelling: most of the models we use in marketing / crm analytics can be built using this framework

 

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logistic regression been widely used from biomedical to banking and many more.

 

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