Inference : Inference refers to the process of drawing conclusions or making educated guesses based on evidence or observations. It involves using critical thinking skills to interpret information and make logical assumptions about what is not explicitly stated. One example of inference is when a person observes a glass of water on the table and […]

Infectious period : The infectious period refers to the time frame during which an individual with a contagious illness can transmit the disease to others. This can be a crucial factor in controlling the spread of a disease and identifying individuals who may be at risk of exposure. One example of an infectious period is […]

Individual differences scaling : Individual differences scaling is a statistical method used to measure and compare the differences between individuals on a particular trait or characteristic. This method is used in psychology and other social sciences to better understand individual differences and how they relate to various factors such as personality, cognition, and behavior. One […]

Indirect standardization : Indirect standardization is a statistical method used to compare rates or proportions between two or more groups while controlling for the effects of confounding variables. This method is commonly used in epidemiological studies to compare the incidence or prevalence of a certain disease or condition between different population groups. An example of […]

Indirect least squares : Indirect least squares (ILS) is a statistical method used to estimate the parameters of a model when there is a non-linear relationship between the dependent and independent variables. This method is commonly used in econometric and finance applications where the true relationship between the variables is unknown or difficult to directly […]

Indicator variable : An indicator variable, also known as a dummy variable, is a type of binary variable that takes on only two values: 0 and 1. This variable is often used in statistical modeling to represent the presence or absence of a certain characteristic or category. For example, consider a study on the effects […]

Index plot : An index plot is a graph that is used to display the trends and changes in a dataset over a certain period of time. This type of plot is commonly used in finance and economics to visualize the performance of a stock or other financial instrument over time. The x-axis of an […]

Index number : An index number is a statistical measure that represents the changes in a particular economic or financial variable over time. It is typically used to compare the current value of a variable with its value in a previous period, allowing for the analysis of trends and patterns. One example of an index […]

Independent component analysis (ICA) : Independent component analysis (ICA) is a statistical method used in signal processing to separate a multivariate signal into its independent components. This technique is often used in the fields of neuroscience, engineering, and finance to extract meaningful information from complex data sets. One example of ICA is in the analysis […]

Independence : Independence in probability refers to the concept that the outcome of one event does not affect the outcome of another event. In other words, the probability of an event occurring remains the same, regardless of any other events that may have occurred previously. One example of independence in probability is flipping a coin. […]