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.


Your Previous Searches
Random Picks

  • 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 >>
  • Statistical Techniques: Statistical techniques refer to the methods and procedures used to analyze and interpret data in order to make informed decisions. These techniques involve the use of statistical models, algorithms, and tools to identify patterns, relations ... Read More >>
  • Predictive Modeling: Predictive modeling is the process of using statistical and machine learning algorithms to analyze historical data and make predictions about future events or behaviors. It involves identifying patterns and relationships in the data, select ... Read More >>
Top News

World awaits Nvidia earnings report, more on Jaguar's new moves...

Artificial intelligence chip maker Nvidia will announce its latest earnings as investors anxiously await good news. Also, Jaguar is targeting younger buyers as it prepares to release more details on i...

News Source: CBS News on 2024-11-20

US gathers allies to talk AI safety, Trump's vow to undo Biden's AI policy overs...

President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term...

News Source: ABC News on 2024-11-20

Elon Musk asked people to upload their medical data to X so his AI company could...

Health care experts are worried about Grok’s potential to breach patient privacy....

News Source: Fortune on 2024-11-20

Bitcoin billionaire Barry Silbert talks about his next big bet—on ‘decentral...

Silbert will be CEO of Yuma, a new DCG subsidiary focused on the AI ecosystem tied to Bittensor blockchain....

News Source: Fortune on 2024-11-20

Chief transformation officers join the C-suite to drive innovation at speed...

Companies are grappling with a faster pace of innovation. The chief transformation officer can help across the organization....

News Source: Business Insider on 2024-11-20