This project demonstrates the application of multiple statistical tests to analyze business scenarios and make data-driven decisions.
It includes:
- A/B Testing (Z-Test)
- T-Test
- Chi-Square Test
- ANOVA Test
To understand how different statistical tests are applied in real-world business problems such as marketing campaigns, customer behavior, and group comparisons.
- Compared old vs new marketing campaigns
- Evaluated conversion rate differences
- Compared means between two groups
- Example: Average spending of two customer segments
- Tested relationship between categorical variables
- Example: Customer response vs campaign type
- Compared means across multiple groups
- Example: Sales across different regions or categories
- Python
- Pandas
- NumPy
- Statsmodels / Scipy
- Matplotlib / Seaborn
- Data Cleaning & Preprocessing
- Exploratory Data Analysis (EDA)
- Applying Statistical Tests
- Interpreting P-values
- Drawing Business Conclusions
- Different tests solve different types of problems
- Choosing the right statistical test is crucial
- P-value helps validate business decisions
- Add Machine Learning model for prediction
- Build dashboard for visualization
- Automate statistical testing pipeline
Nikhil Varkute