Share:

Glossary / Lexicon

What is a communication strategy?

12/06/2022 | By: FDS
A communication strategy is a plan that specifies how an organization, company, or individual will deliver information to and communicate with its target audience. A communication strategy can also be used to convey a specific message or image or to generate interest in a product or service. This plan can also be used to target and reach a specific audience by identifying different communication channels that are relevant to the target audience.
Like (0)
Comment

What is a Robust Estimate?

12/06/2022 | By: FDS
Robust estimates are statistical procedures used to reduce uncertainty in the results of analyses. They are used to minimize the risk that a coincident estimate will be applied. Robust estimates are often less sensitive to outliers than are concordant estimates, meaning that they are less prone to failure when a small number of data are unusual.
Like (0)
Comment

What is Robust Statistics?

12/06/2022 | By: FDS
Robust statistics is a method of data analysis that specializes in the analysis of erroneous or biased data. Robust statistics is an important complement to traditional methods of data analysis, as it provides a simple and effective way to deal with problematic data. Robust methods are able to detect and eliminate poor quality data without biasing other data. This is especially important when individual data points have a strong impact on the outcome of the analysis. Robust statistics are often used to detect and eliminate scatter, outliers, and extreme points before performing other analyses.
Like (0)
Comment

What is causal analysis?

12/06/2022 | By: FDS
Causal analysis is a method used to investigate what factors led to certain outcomes. It is a method used to identify possible causes of a particular outcome and then examine the relationship between the causes and the outcome. It is often used in research to examine relationships between variables to understand why certain events or outcomes occur.
Like (0)
Comment

What is a forecasting tool?

12/06/2022 | By: FDS
A forecasting tool is a program or system used to predict future events or outcomes. It is commonly used in various industries, including finance, marketing, business, and weather. Forecasting tools can use different types of methods and algorithms to analyze data and make predictions. These include simple statistical analysis, complex machine learning algorithms, regression analysis, and data mining techniques.
Like (0)
Comment