Definition of Latent Class Analysis Latent Class Analysis: A technique used to identify unobserved (latent) classes within a population. How is a Latent Class Analysis used? Latent Class Analysis (LCA) is a statistical technique used to identify latent classes within data sets. These latent classes are clusters of data points with similar characteristics, which can…
Definition of LASSO Lasso: A type of regression where the researcher deliberately chooses a subset of the independent variables for inclusion in the model. It is also known as the “Least Absolute Shrinkage and Selection Operator”, or “LASSO” for short. How is LASSO used? LASSO, or Least Absolute Shrinkage and Selection Operator, is an algorithm…
Definition of Laplace Approximation Laplace Approximation: The Laplace approximation is a method used in mathematics to approximate the value of a function. It is named after the mathematician Pierre-Simon Laplace, who first proposed it in 1774. The approximation is based on the assumption that the function is smooth, which means that it can be approximated…
Definition of Labeling Labeling: Labelling is the process of attaching a label, or name, to a particular instance of data. This can be done manually, or through automated means. Labels can be used to help identify and group data, as well as to track changes over time. How is Labeling used? Labeling is an important…