Examlex
The mathematics of interpreting and organizing data is known as
Mean Absolute Deviation
A statistical measure of the average magnitude of deviations from the mean, used to assess variability.
Exponential Smoothing
a forecasting technique that applies decreasing weights to past observations, giving more importance to recent data for future predictions.
Alpha Value
A statistical concept that represents the level of significance in hypothesis testing, commonly set at 0.05 or 5%, indicating the probability of rejecting a true null hypothesis.
Correlation Coefficient
A statistical measure that indicates the extent to which two or more variables fluctuate together.
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