What is homoscedasticity?
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Homoscedasticity is a term used in statistics to describe the constancy of the variance of a series of measurements. It is assumed that the variance of a series of measurements is constant when the homoscedasticity is high. If the homoscedasticity is low, this indicates an uneven distribution of the variance, which is referred to as heteroscedasticity.