Indices: Unveiling Data Patterns For Decision-Making And Model Evaluation
Indices are quantitative measures used to summarize and compare data, providing insights into data patterns. Common indices include elasticity, dispersion, skewness, kurtosis, concentration, inequality, association, correlation, regression, and determination. These indices help understand market trends, manage risk, analyze data distributions, identify outliers, and evaluate statistical models. Indices in Data Analytics: Unlocking the Secrets of Your…