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LASSO
ByDavis
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…
S-sampling
ByDavis
Definition of S-sampling S-sampling: S-sampling is the process of drawing a random sample from a population.
Discrete Variable
ByDavis
Definition of Discrete Variable A discrete variable is a variable that can only take on certain, specific values. Contrast this with a continuous variable, which can take on any value within a given range. Discrete variables are often used in statistical models to represent outcomes that can only happen a certain number of times, or…
Time-Series
ByDavis
Definition of Time-Series Time-Series: A time-series is a sequence of data points, usually measured at successive points in time. Time-series analysis is the process of examining these data points in order to identify and understand trends and patterns. Time-series data can be used to predict future events, track performance over time, or measure the impact…
Network Analysis
ByDavis
Definition of Network Analysis Network Analysis: Network analysis is the process of studying relationships between entities in a network. Network analysis can be used to understand how information flows through a network, or to identify important nodes in a network.