News / Blog: #glossary

What is bootstrapping?

Bootstrapping is a process that allows a company to start and operate a business with a limited amount of funding and resources. It is a way to build and operate a business without the need for outside investors or loans. Instead, savings, personal investment, and sales are used to fund the business.

What is the coefficient of variation?

The coefficient of variation (also known as the coefficient of variance) is a measure of the dispersion of a group of values. It is calculated by dividing the standard deviation by the arithmetic mean of the group. The coefficient of variation provides a quick and easy way to measure the dispersion within a group of values. The higher the coefficient of variation, the greater the dispersion of the values.

What is Structural Equation Modeling (SEM)?

Structural equation modeling (SEM) is a modern form of statistical analysis used to study relationships between variables in complex data sets. This method allows researchers to create a model that describes the influence of different variables on the behavior of an individual or group. SEM can be used to improve research results by testing hypotheses about relationships between variables, considering multiple variables simultaneously.

What is the least squares method?

The least squares method is a procedure for fitting data to a mathematical function. It is commonly used in statistical analysis to estimate the parameters of a given function from a set of observed data points. The procedure consists of minimizing the deviation between the observed values and the predicted values by adjusting the parameters of the function.

What is analysis of variance?

Analysis of variance is a statistical data analysis technique used to study the differences between two or more groups. It is often used to find out how much influence each variable has on a particular measured variable. Analysis of variance can also be used to evaluate the strength of the relationship between two or more variables.