UNIVARIATE ANALYSIS Flashcards
Also known as Measure of Center
Measure of Central Tendency
Measure of finding the mean, median or mode of the dataset
Measure of Central Tendency
Measure of finding the kth element
Measure of Position
Measure of how the data is distributed about the mean.
Measure of Variation
Measure of the degree of symmetry of a distribution
Measure of Shape
Most widely used parameter of describing a ratio data.
The Mean
Different types of means
arithmetic,
trimmed,
geometric,
harmonic
Quadratic or Root Mean Square (RMS)
is the only measure of central tendency where the sum of the deviations of each value from the mean is zero.
Arithmetic Mean
It is calculated by summing the values
Arithmetic Mean
set of numbers with corresponding weights
Weighted Mean
Used in factors being multiplied to another quantity
Geometric Mean
Used for the average of the time rates or averages of velocity, speed and alike
Harmonic Mean
Computed by “trimming away
Trimmed Mean
Useful for certain quantities
Quadratic Mean
The midpoint of the values
The Median