Top 10 Statistics Terms To Know

Top 10 Statistics Terms To Know

Data Science, General, Geostatistics, Machine Learning, Petroleum Engineering, Statistics, Workshops
Michael Pyrcz, PhD, P.Eng (daytum Founding Advisor) Hey everyone! We think that statistics concepts can sometimes be intimidating and seemingly esoteric. However, we know that it doesn’t need to be. One thing we wanted to do was simplify some of the commonly used statistics vocab and to “Explain Like I’m 5” definitions. Below are a…
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Uncertainty for Geoscientists, Data Scientists, and Engineers

Engineering, General, Geoscience, Geostatistics, Petroleum Engineering, Statistics , , , ,
Michael Pyrcz, PhD, P.Eng (daytum Founding Advisor) What is Subsurface Uncertainty? Uncertainty is not an intrinsic property of the subsurface. At every location (uα) within the volume of interest the true properties could be measured if we had access (facies, porosity etc.). Uncertainty is a function of our ignorance, our inability to observe and measure…
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Brief Musings on Subsurface Data Analytics and Machine Learning

Coding, Data Science, Engineering, Geoscience, Machine Learning, Petroleum Engineering, Statistics , , , , ,
Michael Pyrcz, PhD, P.Eng (daytum Founding Advisor) Subsurface is Unique Due to (1) sparse data, (2) heterogeneous spatial system, (3) high degree of uncertainty, (4) thick layer of unavoidable interpretation, and (5) extremely high value development decisions We must go beyond the data! Data analytics is the application of data cleaning and statistical analysis to…
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daytum = Energy.Data.Education.

Data Science, General, Geoscience, Geostatistics, Petroleum Engineering, Reservoir Modeling, Statistics
daytum is a data science education company completely focused on the energy industry. Our mission is to help bridge the culture and knowledge gaps between the technology and the energy-focused communities and to create unicorns: energy industry specialists with a deep knowledge of programming, statistics, data analytics and data science. daytum was founded by Dr.…
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