5 Statistical Methods That Dominate Their Industries (and Why)

Discover which statistical methods dominate healthcare, finance, tech, retail, and sports analytics, and why these industry-method pairings became indispensable standards.

Discover which statistical methods dominate healthcare, finance, tech, retail, and sports analytics, and why these industry-method pairings became indispensable standards.
In this article, we'll move past the textbook Cox model and look at how regularized models, tree-based methods, and deep learning can help survival analysis scale to meet real-world complexity.

Survival analysis, primarily used for modeling time-to-event data, provides an arsenal of statistical tools to estimate the expected time until one or more events of interest, such as death, failure, or attrition.
So, if you’ve ever asked, “How long until X happens?” and wanted to back that up with solid data, you’re in the right place.

The Kaplan-Meier survival curve estimator is one of the most cited ideas in science


Survival analysis consists of statistical methods that help us understand and predict how long it takes for an event to occur.

Pic by author - using DALL-E 3 When running experiments don’t forget to bring your survival kit I’ve already made the case in several blog posts (part 1, part 2, part 3) that using survival analysis can improve churn prediction. In this blog post I’ll ...

With roots dating back to at least 1662 when John Graunt, a London merchant, published an extensive set of inferences based on mortality records, survival analysis is one of the oldest subfields of Statistics [1]. Basic life-table methods, including techniques for dealing with…
Understand survival analysis, its use in the industry, and how to apply it in Python
Learn more about survival analysis (also called time-to-event analysis) and how it is used, and how to apply it by hand and in R

Finding the coefficients that maximize the log-partial likelihood in Python
Making a survival analysis can be a challenge even for experienced R users, but the good news is I’ll help you make beautiful, publication-quality survival plots in under 10-minutes. Here’s what WE are going to do: Make your first survival model an...

Introduction to the most popular performance evaluation metrics for survival analysis along with practical Python examples
An initial look into the method best suited for examining time-to-event data

A Quick Guide to The Weibull Analysis

In Cows using R

What companies can learn from employee turnover data
Concluding this three-part series covering a step-by-step review of statistical survival analysis, we look at a detailed example implementing the Kaplan-Meier fitter based on different groups, a Log-Rank test, and Cox Regression, all with examples and shared code.

Learn one of the most popular techniques used for survival analysis and how to implement it in Python!
With worked out examples using Python and Lifelines