Search results
Results From The WOW.Com Content Network
In descriptive statistics, summary statistics are used to summarize a set of observations, in order to communicate the largest amount of information as simply as possible. Statisticians commonly try to describe the observations in
The unit of observation should not be confused with the unit of analysis.A study may have a differing unit of observation and unit of analysis: for example, in community research, the research design may collect data at the individual level of observation but the level of analysis might be at the neighborhood level, drawing conclusions on neighborhood characteristics from data collected from ...
A set of random variables, any two of which are independent. parameter Any measured quantity of a statistical population that summarizes or describes an aspect of the population, e.g. a mean or a standard deviation; often a quantity to be estimated based on the corresponding quantity calculated by drawing random samples from the population. Can ...
Pattern recognition is the task of assigning a class to an observation based on patterns extracted from data. While similar, pattern recognition (PR) is not to be confused with pattern machines (PM) which may possess (PR) capabilities but their primary function is to distinguish and create emergent patterns.
A statistical model is a mathematical model that embodies a set of statistical assumptions concerning the generation of sample data (and similar data from a larger population). A statistical model represents, often in considerably idealized form, the data-generating process . [ 1 ]
A typical "Business Statistics" course is intended for business majors, and covers [71] descriptive statistics (collection, description, analysis, and summary of data), probability (typically the binomial and normal distributions), test of hypotheses and confidence intervals, linear regression, and correlation; (follow-on) courses may include ...
Algorithms of this nature use statistical inference to find the best class for a given instance. Unlike other algorithms, which simply output a "best" class, probabilistic algorithms output a probability of the instance being a member of each of the possible classes. The best class is normally then selected as the one with the highest probability.
the arithmetic mean of data values after a certain number or proportion of the highest and lowest data values have been discarded. Interquartile mean a truncated mean based on data within the interquartile range. Midrange the arithmetic mean of the maximum and minimum values of a data set. Midhinge the arithmetic mean of the first and third ...