Log normal distribution | Math, Statistics for data science, machine learning

[@ifeanyimoses7140]

wow, the way he explicitly communicated the meaning of a log-normal distribution, so many lecturers keep confusing me until now. Thank you so much

[@abhijeetjain2098]

Lognormal is extremely useful when analyzing stock prices. As long as the growth factor used is assumed to be normally distributed (as we assume with the rate of return), then the lognormal distribution makes sense. The normal distribution cannot be used to model stock prices because it has a negative side, and stock prices cannot fall below zero.

[@einsteinwallah2]

abhijeet if you have two prices of an asset delta_t apart S(t) and S(t+delta_t) in time then ratio S(t+delta_t)/S(t) can be modeled as a e^(r*delta_t) if asset grows with 100% certainty at rate r [here e is exponential e~2.718281828] ... when 100% certainty is not there then there is a variance term in exponent of e ... in that case ratio could be modeled as e^(r*delta_t+v*delta_t*randomness) ... see this page on wikipedia: en.wikipedia.org/wiki/Geometric_Brownian_motion

[@boojaado]

both of you are correct. reminds me of my days at School of Mines.

[@AbhyudayaRanglani]

Appreciate the way you answer the “so-what?” questions, Dhaval. That’s one aspect of ML/DL instruction most tutorials frequently miss out out on. Kudos!

[@vishalbhapkar2359]

Hello Dhaval Sir,please keep uploading videos of this series , as for beginners of data science students, your simple explanation is very helpful, thanks

[@shashankbangera7753]

I just came across this problem and your video helped me to understand the concept! Thank you very much!!

[@pedramahariri]

Thanks for your great explanation! Really helpful, brief, and to the point.

[@habeebkaradan3426]

Your classes are amazing, anybody can understand with examples you are taking

[@hiteshsingh9859]

Please sir complete this series as much as possible . Thank you for all your efforts

[@smartestmanalive985]

Brilliant video. Greetings from Brazil

[@christopherbarrett9900]

Very nice, thanks!

[@rishavbhattacharjee7182]

Linear Algebra and Calculus course next too sir?😁

[@rishavbhattacharjee7182]

I mean ofcourse after this series is fully completed sir...

[@ctrlaltdelicious6072]

first time in my life that i understand this

[@felipegutierre7037]

Amazing, thank you very much! I was studying the Log function in Math because it's used in Data Analaytics. I just couldn't clearly understand where I could use this. You video helped make it all clear to me now! Thanks a lot =D

[@sanghoonpark334]

Thank you for explaining the concept of log normal distribution well.

[@troubution]

Hi Dhaval I hope you are doing good and safe. This is what I love in your teaching Dhaval, your explanation is super smooth, anyone can understand this. Generally who are afraid of maths and stats I recommend them to watch codebasics maths and stats playlist. Thanks for this initiative Dhaval.

[@codebasics]

Thanks chinmaya for your kind words. Hope you are doing well buddy ☺️🙏

[@luzhang9763]

Really appreciate your great work and simple explanation! I now have a better understanding.

[@codebasics]

Glad you liked it ! 😊

[@dineshkumar-dg9ml]

Completed this playlist..Really great. thank you so much.eagelry waiting for your next videos

[@mosam4754]

Please complete this playlist as soon as possible. It will very helpful for the learners.

[@YASHSHARMA-hi9uf]

Log normal is also useful in measuring Claim Size for insurance company as it has range from 0 to infinity

[@ssaaajdijj]

Simple and easy to understand. Thanks !

[@universal4334]

Please do a video per day so you can easily educate many Noobs to data science experts ..

[@CristianIntriago_]

awesome explanation!!!

[@marioandresheviacavieres1923]

Thanks fpr your time!! good explanation :)

[@shahrahman2417]

very well explained. your examples are awesome. very practical and easy to understand. keep up the good work

[@codebasics]

Glad it was helpful!

[@lubinepurple6034]

love the explanation, so easy to understand

[@codebasics]

Glad it was helpful!

[@EagleLogic]

Fantastic video. Most intuitive explanation online. I subscribed.

[@alicet275]

Thank you for the great video!

[@mbt4482]

In case of the credit approval model example, why don't we remove Poojas data since her income is definitly an outlier? what are the scenarios we use log value vs remove outliers?

[@imadsaddik]

Thank you this was clear.

[@amandhiman2096]

Sir, can you make a video on the important topic of ML,Statistics and Deep learning for the data Scientist ?

[@marcastro8052]

Thank you sir, good demo

[@arpittrivedi6636]

Nice explanation

[@himanshusemwal1889]

GREAT WORK!!!!

[@surajkhanna1129]

Great video! Most of the data here was right skewed..so this log normal transformation also works for left skewed?

[@ayushsingh-qn8sb]

I don't think so .....it would result in an even more left skewed distribution

[@ahmedel-sinousy4848]

thank you so much😍

[@arunadang7872]

Really good lectures. Can we have full playlist on statics?

[@bastih9816]

very informative

[@mvcutube]

Thanks for such a nice video.

[@codebasics]

I am glad you liked it

[@LearnAtHomewithGulshan]

Please make more videos. All are good

[@codebasics]

Yes I will

[@ArunkumarMTamil]

Can we use minmaxScaler or standardscaler instead of log?

[@kepecos]

Pooja, what is this behaviour????? ❤

[@vanessasiqueira4002]

Hi,It is possible generating random variables in excel from truncated normal distribution?

[@reserch1098]

Hi do you implement any hybrid machine learning models? collaborative filtering, rule based classification, and association rule coding....

[@abdul_b]

Can you please make a video on ANOVA?

[@mohammedjouhar6363]

Thank you for this playlist.. a quick question, will you upload more videos on this playlist ? or can you suggest a place where I can learn other stats topics like Probabilities and hypothesis testing?

[@sandipgundavade4256]

Dhaval sir make video on probability and conditional probability wich is also part of statistics and used in data science...

[@prasunbhattacharjee8415]

good explanation...One query! Don't we need to transform age variable also because now age is dominating as compared to lognormal income variable?

[@jongcheulkim7284]

Thank you.

[@abhinavchadha9884]

sir when should i do logy and when logx

[@Mars7822]

good class

[@giridharb6324]

Hello Dhaval sir, this video helped me understand the concept in a better way. Also, could you please upload a video on Random variables.

[@rabiafyz9952]

When we use data is normal distributed, does it mean that all values are almost same range or same scale. 8n other words, not have outliers or data is not wide spred out or some data is almost similar than one big data and cannot compare them. If data does not have any problem like that then we say the data is normally distributed. And data is already cleaned and filled. Am I right?

[@adipurnomo5683]

Sir, great content. Is log normal distribution part of normalization method in machine learning?

[@RahulKumar-lv9yz]

How can I find mean and variance of probability distribution using python? I have mentioned a problem below. Thanks in advance! The number of times I go to the gym in weekdays, are given below along with its associated probability: x = 0, 1, 2, 3, 4, 5 f(x) = 0.09, 0.15, 0.40, 0.25, 0.10, 0.01 Calculate the mean no. of workouts in a week. Also evaluate the variance involved in it.

[@hemangdhanani9434]

can you please explain what is the actual use of this distribution, I just know only by using Box-cox transformation we can convert it into gaussian distribution. is there any other property of this distribution like Gaussian distribution..?

[@hnevko]

So if my data do not meet the linear regression model, I just change the data to make them fit better to the model, and not the model that might explain the observation.

[@user-or7ji5hv8y]

What are the moments?

[@an1245100]

Does anyone know when we should use log normal distribution instead of remove the outliner?

[@codebasics]

Log normal distribution or log scale is used for data visualization so that the outliers doesn't suppress rest of the data points. How do you treat those data points with higher values totally depends on you, you can remove them as outlier or use some other techniques to treat them

[@jayeshmandavkar9837]

sir is this much mathematics sufficient for absolute fresher in the field of data science.

[@yashjain6372]

nice

[@Bookworm791]

Plz teach arima model

[@readingheadstartreview3010]

Sir why don't we just use standard scaler what is the difference between the two?! + I can't get why we need to convert the data to the normal distribution in the first place!

[@imdadulhaque737]

Why do we need bell curve?

[@CristianIntriago_]

because the average median has more sense, a lot of statistical concepts can be applied to that standard distribution

[@universal4334]

If possible do a video per day

[@vincent3542]

Hello sir, please activate ads for your video, i was jumped to other video in this playlist, but i dont find any ads :)

[@HornetCucumber]

-My wife works in a hospital. **Thought now I am gonna get some serious data** -She says some people spend MANY days.

[@finmatrixparadigm7904]

I want to take tutorial

[@Malayalam_learner]

Haa?

[@gaganparnami5720]

Dislike for the late post. Humble request to you to upload videos more frequently.

[@codebasics]

Gagan, I have 9 to 6 job and I get time only on weekends for this. Making these videos take lot of time, hope you understand

[@gaganparnami5720]

@@codebasics Completely understand. Really appreciated the content. You are making learning easy for us.

[@samiulislam3908]

Hwy Indians use "You Knowhh" in every line, it feels very irritating to hear

[@harshamejari]

nice

[@Malayalam_learner]

I like your hairstyle bro