A standardized score is a score that has been adjusted to account for the distribution of scores in the data set. This adjustment allows comparisons of scores from different data sets.
Definition of Markov Chain A Markov chain is a mathematical model for sequences of random events, where the probability of any event depends only on the immediately preceding event. How is Markov Chain used? Markov Chain is a type of machine learning algorithm that uses probability to model complex systems. It is based on the…
A/B testing is a method of testing where two versions (A and B) of a web page or app are tested to determine which version produces better results.
Definition of Random Forest Random forest: A random forest is a type of decision tree learner that builds a number of decision trees, rather than just one. The individual decision trees are then combined to create the random forest. This approach helps to avoid overfitting the data.
Definition of Quartile Quartile: A quartile is a statistic that divides a data set into four equal parts. The first quartile is the lowest 25% of the data, the second quartile is the lower 50% of the data, the third quartile is the upper 50% of the data, and the fourth quartile is the highest…
Definition of Streaming Data Streaming data: Streaming data is a type of data that is continuously updated. It can be used to track real-time changes in data, such as stock prices or website traffic.
Definition of Eigenvector Eigenvector: An eigenvector is a particular type of vector that has a special property: it’s multiplied by a certain matrix (the “eigenvalue matrix”) in such a way that the result is always the same. What is an Eigenvector used for? An Eigenvector is a special type of vector used in linear algebra…