Universality: Widespread
This definition is widespread and broadly agreed, but some of the nuance included may raise disagreement.
All Glossary Categories:
- Decisions (12)
- Description (28)
- Distributions (10)
- Methods (39)
- Testing (16)
All Universalities:
- Common (23)
- Unique (13)
- Universal (37)
- Varies (10)
- Widespread (22)
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Coefficient of Determination (R²)
A common parameter used to estimate quality of fit for a given model.
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Coefficient of Variation (CV)
An estimate of the spread of a set of numbers.
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Confidence
A parameter for describing testing capability.
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Correlation Coefficient (r)
A common parameter used to estimate quality of fit for a given model.
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Design of Experiments (DoE)
Structured methods to optimize the information learned from a set of experimental observations.
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Distribution
The functional spread of the values possible for a random variable.
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Event
The unknown happening we estimate when a decision is to be made.
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False Discovery
A parameter for describing testing capability.
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Inference
The traditional term used for estimating parameters of a (given) distribution.
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Monte Carlo Simulation
Estimating functions of a random variable through repeated numerical sampling of the input distributions.