Statistical Measures
Statistical measures are numerical values that summarize and describe the characteristics of a dataset. These measures can be used to understand the central tendency, variability, and distribution of the data. In data science, statistical measures are used to analyze and interpret data, and to make informed decisions based on the results. Some common statistical measures include mean, median, mode, variance, standard deviation, and correlation coefficient.
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- Standard Score: In Data Science, a standard score is a measure of how many standard deviations an observation or data point is from the mean of a dataset. It is also known as a z-score. Standard scores are used to compare and analyze data from different no ... Read More >>
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