Statistical Measure
A statistical measure is a numerical value that describes a characteristic of a dataset. It provides a way to summarize and analyze large amounts of data. Common statistical measures include measures of central tendency (mean, median, mode), measures of dispersion (range, variance, standard deviation), and measures of correlation (covariance, correlation coefficient). These measures are used to understand the distribution of data, identify outliers, and make predictions based on patterns in the data. In data science, statistical measures are used to analyze and interpret data, build predictive models, and make data-driven decisions.
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