June 15, 2024, 4:23 p.m. | Vito Rihaldijiran

Towards Data Science - Medium towardsdatascience.com

Discover why Welch’s t-Test is the go-to method for accurate statistical comparison, even when variances differ.

Photo by Simon Maage on Unsplash

Part 1: Background

In the first semester of my postgrad, I had the opportunity to take the course STAT7055: Introductory Statistics for Business and Finance. Throughout the course, I definitely felt a bit exhausted at times, but the amount of knowledge I gained about the application of various statistical methods in different situations was truly priceless. During the …

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