Weighted Average
Definition of Weighted Average
Weighted Average: Weighted average is a calculation that assigns a weight to each value in a set and then calculates the sum of those weights divided by the sum of the weights.
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Quantization
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Definition of Quantization Quantization: Quantization is the process of reducing the number of unique values in a set of data. This is often done by dividing the data into bins and assigning a unique value to each bin. This technique is often used in data science to make sure that data can be processed and…
Exact p-value
ByDavis
Definition of Exact p-value Exact p-value: The Exact p-value is the probability of obtaining a test statistic at least as extreme as the one that was actually observed, assuming that the null hypothesis is true. What is Exact p-value used for? Exact p-values are used to help assess the strength of evidence for a hypothesis…
Euclidean Distance
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Definition of Euclidean Distance Euclidean Distance: The Euclidean distance between two points is the length of the straight line between them. What is Euclidean Distance used for? Euclidean Distance is a mathematical tool used to measure the distance between two points in a multidimensional space. It is also known as the “straight line” or “as-the-crow-flies”…
Quality Control
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Definition of Quality Control Quality Control: In the context of data science, quality control is the process of ensuring that data is accurate and reliable. This can be done through a variety of techniques, such as checking for inconsistencies, verifying the source of the data, and performing statistical tests. By making sure that data is…
Standard Normal Distribution
ByDavis
Definition of Standard Normal Distribution A normal distribution is a type of distribution that occurs frequently in nature and is symmetrical about its mean. The standard normal distribution is a specific type of normal distribution that has a mean of 0 and a standard deviation of 1.