Question 1

What are advanced statistics, and why are they important to learn about?

Accepted Answer

Advanced statistics are the mathematical tools used to discover and explore complex relationships between different variables in large datasets. In contrast to basic statistics such as average and analysis of variance (ANOVA) that simply describe the characteristics of a dataset, advanced statistical approaches often seek to make predictions about the world. This requires the use of more sophisticated statistical inference tools, such as generalized linear models for regression analysis capable of establishing how multiple interrelated factors may impact projected outcomes.

These advanced statistical methods are increasingly important in the field of data science, which is tasked with uncovering important business insights and developing predictive models from diverse big data-scale datasets. These techniques are also especially important for the proper training and use of machine learning algorithms. As in data science and machine learning more generally, R programming and Python programming skills are typically relied upon to conduct these advanced statistical analyses.

Question 2

What kinds of careers can I have with a background in advanced statistics?

Accepted Answer

Advanced statistics skills are essential for work in data science, machine learning, and artificial intelligence (AI), as statistical approaches are at the heart of the learning algorithms that make these applications possible. An understanding of statistics is likewise important for professionals in finance, healthcare, and other industries that are increasingly making use of machine learning and AI, as they increasingly need to work closely with data scientists to ensure that these powerful techniques are developed to solve the right business problems.

Those wishing to delve deeper into advanced statistical methods and help develop new mathematical approaches in the field may pursue a master’s or even a PhD in statistics. These experts work in academia, government, or at private sector companies involved in scientific or engineering research. According to the Bureau of Labor Statistics, professional statisticians earn a median annual salary of $91,160, and this specialized career path is expected to be in high demand due to expanding opportunities to use statistics to navigate our data-rich world.

Question 3

Can I learn skills in advanced statistics by taking online courses on Coursera?

Accepted Answer

Certainly. Coursera offers a variety of courses in advanced statistics as well as their applications in the context of fields like data science and machine learning. In fact, coursework in statistics is often a prerequisite for data science classes. Regardless of your level of expertise and needs in these areas, Coursera enables you to learn remotely from top-ranked schools like the University of Michigan, Johns Hopkins University, and Duke University. And, since you can view course materials and complete coursework on a flexible schedule, there’s an exceedingly high probability that you can fit online learning about advanced statistics into your existing school or work life.

Question 4

What skills or experience do I need to already have, before starting to learn advanced statistics?

Accepted Answer

You need to have strong math skills, especially in basic calculus, linear algebra, and statistics before starting to learn advanced statistics. It's important that you have strong technical skills and are very comfortable on the computer, strong analytical skills, and the ability to carefully examine and question data that is presented to you so that you can organize and draw conclusions from it. For learning some concepts in advanced statistics, you'll need to have experience using the R statistical software package and understand Bayesian estimation, principles of maximum-likelihood estimation, and calculus-based probability.

Question 5

What kinds of people are best suited for roles in advanced statistics?

Accepted Answer

People who enjoy mathematics are best suited for roles in advanced statistics, especially those who enjoy concepts like probability, linear models, and statistics and how they relate to data science. They can quickly grasp and apply complex technical concepts as well. Those who enjoy testing hypotheses and figuring out uncertain outcomes based on probability are also well suited for roles in advanced statistics. Also, people who have wide-ranging computer skills, the ability to communicate their statistical findings in plain language, problem-solving and analytical skills, and teamwork and collaborative skills are best suited for roles involving advanced statistics.

Question 6

How do I know if learning advanced statistics is right for me?

Accepted Answer

If you're aspiring to be a biostatistician or data scientist, learning advanced statistics is probably right for you. If you're interested in machine learning and the development of data products, you may also find learning advanced statistics is right for you. People who want to have a career as a statistician, statistical epidemiologist, sports analyst, actuary, market researcher, or investment analyst may also find learning advanced statistics to be the right choice. And if you need to understand how to transform complex sets of data into practical applications, learning advanced statistics is right for you.

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Advanced Statistics for Data Science

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Frequently Asked Questions about Advanced Statistics

What are advanced statistics, and why are they important to learn about?‎

What kinds of careers can I have with a background in advanced statistics?‎

Can I learn skills in advanced statistics by taking online courses on Coursera?‎

What skills or experience do I need to already have, before starting to learn advanced statistics?‎

What kinds of people are best suited for roles in advanced statistics?‎

How do I know if learning advanced statistics is right for me?‎

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