Definition of Data Breach Data Breach: A data breach is an incident in which sensitive, confidential, or private data is accessed or released without authorization. What are the usual things to consider when a data breach occurs? When a data breach occurs, there are a number of considerations that need to be taken into account….
Definition of Monte Carlo method The Monte Carlo method is a mathematical technique used to calculate the probability of an event by simulating many possible outcomes. How is the Monte Carlo method used? The Monte Carlo method is a numerical approach in which problems are solved by performing random sampling. It is used to solve…
Definition of R-squared R-squared: R-squared is a statistic that measures how close the data points in a set are to a regression line (how well a model fits the data). It is a number between 0 and 1, with 1 indicating a perfect correlation and 0 indicating no correlation at all. It is calculated by…
Definition of AngularJS AngularJS is a JavaScript framework for building web applications. It lets you use HTML as your template language, and extends the HTML vocabulary to provide directives for defining your application’s user interface. It also provides a model–view–controller (MVC) framework that helps you structure and manage your application code. What is AngularJS used…
Definition of Latin Hypercube Sampling Latin Hypercube Sampling: Latin Hypercube Sampling (LHS) is a method for constructing a point sample from a probability distribution. The most common use case for LHS is in Monte Carlo simulations, where the goal is to approximate the distribution of a function by taking repeated samples from it. In order…