Examlex
Explain how cluster analysis can identify market segments.
Population Mean
The average value of a characteristic in the entire population of interest.
Unbiased Estimator
A statistic used to estimate a population parameter that is expected to be equal to the true parameter value on average.
Larger Sample Sizes
Referring to the use of a greater number of observations in a study, which can enhance the reliability and precision of statistical estimates.
Estimators
Statistics obtained from sample data used to estimate population parameters.
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