Search results
Results From The WOW.Com Content Network
Statistics (from German: Statistik, orig. "description of a state, a country") [1][2] is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. [3][4][5] In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a ...
Statistic. A statistic (singular) or sample statistic is any quantity computed from values in a sample which is considered for a statistical purpose. Statistical purposes include estimating a population parameter, describing a sample, or evaluating a hypothesis. The average (or mean) of sample values is a statistic.
t. e. Okun's law in macroeconomics states that in an economy the GDP growth should depend linearly on the changes in the unemployment rate. Here the ordinary least squares method is used to construct the regression line describing this law. In statistics, ordinary least squares (OLS) is a type of linear least squares method for choosing the ...
t. e. In common usage, data (/ ˈdeɪtə /, also US: / ˈdætə /) is a collection of discrete or continuous values that convey information, describing the quantity, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpreted formally. A datum is an individual value in a collection of ...
Statistics, in the modern sense of the word, began evolving in the 18th century in response to the novel needs of industrializing sovereign states. In early times, the meaning was restricted to information about states, particularly demographics such as population. This was later extended to include all collections of information of all types ...
Statistical significance. In statistical hypothesis testing, [1][2] a result has statistical significance when a result at least as "extreme" would be very infrequent if the null hypothesis were true. [3] More precisely, a study's defined significance level, denoted by , is the probability of the study rejecting the null hypothesis, given that ...
In statistics, a population is a set of similar items or events which is of interest for some question or experiment. [1] A statistical population can be a group of existing objects (e.g. the set of all stars within the Milky Way galaxy) or a hypothetical and potentially infinite group of objects conceived as a generalization from experience (e ...
Research. A descriptive statistic (in the count noun sense) is a summary statistic that quantitatively describes or summarizes features from a collection of information, [1] while descriptive statistics (in the mass noun sense) is the process of using and analysing those statistics. Descriptive statistics is distinguished from inferential ...