What are Bootstrap and Permutation Tests in Data Science? Easy Explanation for Beginners

In this video, we’ll be focusing on the concept of resampling. I’ll introduce you to two particularly useful resampling techniques: bootstrapping and permutation tests. Then, we’ll compare the two.


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Contents of this video:
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00:00 Introduction to Resampling
00:51 Sample and Sampling
01:17 Why Is Resampling Useful?
03:22 Assumptions of Resampling
03:47 Resampling Methods
04:01 Bootstrapping
05:08 Bootstrap Distribution vs. Sampling Distribution
05:41 How Many Resamples Are Needed?
05:58 Permutation Tests
08:33 Bootstrapping vs. Permutation Tests
09:01 Statistics-Related Resources