Octile
Definition of Octile
Octile: An octile is a statistical value that divides a set of data into eight equal parts.
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Standard Deviation
ByDavis
Definition of Standard Deviation Standard Deviation: Standard deviation is a measure of how spread out a set of data points are. It is calculated by taking the average of the distances of each data point from the mean, and then squaring them. This gives us a measure of how far each data point is from…
S curve
ByDavis
Definition of S curve S curve is a graphical representation of data points that display nonlinearity in the trend. The points on the graph typically follow a smooth curve, indicating that the trend changes at different points in time. The S curve is often used when describing growth or decay over time.
Mean Absolute Error
ByDavis
Definition of Mean Absolute Error Mean Absolute Error (MAE) is a measure of the accuracy of predictions made by a model. It is computed by taking the average of the absolute differences between the predicted values and the actual values for each observation. How is Mean Absolute Error used? Mean Absolute Error (MAE) is a…
Data Integration
ByDavis
Definition of Data Integration Data Integration: Data integration is the process of combining data from multiple sources into a single coherent dataset. This can be done manually, but more often it is done with software that can combine the data automatically. The goal of data integration is to make it easier to analyze the data…
Pandas
ByDavis
Definition of Pandas Pandas is a software library written for the Python programming language that enables data analysis. It provides high-performance, easy-to-use data structures and data analysis tools for the Python programming language. Pandas is free software released under the 3-clause BSD license.
Probability
ByDavis
Definition of Probability Probability: Probability is a measure of how likely an event is to occur. It is calculated by dividing the number of times the event occurs by the total number of possible outcomes. It can be expressed as a number between 0 and 1, or as a percentage between 0% and 100%.