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Bar Chart

Bar charts are stacked to allow you to show data values as vertical bars. Bar Chart types can be used to display trend data and compare multiple data sets. Multiple price bars are used to show how the price of an asset, security, or other item has changed over...

Box-Cox Transformation

Box-Cox Transformation A Box-Cox transformation method transforms non-normal dependent variables into normal shapes. Normality is a key assumption in many statistical techniques. If your data isn’t normal, applying a Box-Cox transformation model will allow you to run...

Bimodal Distribution

Bimodal Distribution In statistics, Bimodal Distributions have two peaks that also create a curve. In the context of a continuous probability distribution, modes are peaks that create curves in the distribution. What Causes Bimodal Distributions in statistics?...

Binomial Random Variable

The binomial random variable is simply the probability that a survey or experiment will succeed or fail multiple times. Binomials are a type distribution with two possible outcomes (the bi prefix means two or more). A coin toss...

Fault Tree Analysis (FTA)

Fault Tree Analysis (FTA) is a systematic, top-down method for analyzing the potential causes of system failures or accidents. It starts with a single undesirable event, known as the “top event,” and works downwards to identify all possible causes. This...