#centraltendency #math #statistics #estimative #theory
- It is the second dimension
- How the data is dispersed, it is more clustered or spread out
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Some estimates:
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Mean Absolute Deviation
- Sensitive to outlier
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Variance → Most used by statistical application
- Sensitive to outlier
- Degrees of Freedom
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Standard Deviation → Most used by statistical application
- Easy to interpret
- Sensitive to outlier
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Median Absolute Deviation
- Robust to outlier
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Mean Absolute Deviation
- Work with squared values is better than work with absolute values, specially in statistics
- Values in size order: standard deviation > mean absolute deviation > median absolute deviation
Percentiles
- It sorts data by its value
- Percentile P means: P percent of values is below P and (100 - P) is above P
- Median: percentile 50th
- Quantile 0.8 = 80 percentile
- Variability: difference between 25th and 75 percentile (Interquartile Range - IQR)
References
- Bruce, 2017, p13-19