How studying about the probability distribution helps in data science?
I am a newbie and reached section 12. I want to know why am I learning about probability distribution? Why it is required for data science?
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Hello Saurabh,
Understanding a variable's probability distribution allows you to model its possible realizations and simulate how it'll develop in the future.
This is a fundamental part of your work if you want to make predictions. The variable can be a company's revenue, the demand for one of the company's products, the amount of units produced by the firm's factory, etc.
Hope this helps!