12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
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.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
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.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Autocorrelation analysis is a statistical technique used to examine dependencies in a data set. It measures the similarity of a variable to itself at different points in time. It can be used to examine the stationary and trend properties of a series and determine if it is self-correlated. Autocorrelation analysis is often used to predict future values of a behavior or event.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The standard error is a mathematical quantity that describes the variance of a measured value of a sample. The standard error is often used to determine the accuracy of a sample. It indicates how much the measured values in a given sample deviate from the average value.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A regression equation is a mathematical equation used to determine a measure of the relationship between two or more variables. It is usually used to describe a linear relationship between variables in order to make predictions about the relationship between them.