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The coefficient of variation (CV) is defined as the ratio of the standard deviation to the mean , [1] It shows the extent of variability in relation to the mean of the population. The coefficient of variation should be computed only for data measured on scales that have a meaningful zero ( ratio scale) and hence allow relative comparison of two ...
In contrast to the mean absolute percentage error, SMAPE has both a lower bound and an upper bound. Indeed, the formula above provides a result between 0% and 200%. Indeed, the formula above provides a result between 0% and 200%.
For a confidence level, there is a corresponding confidence interval about the mean , that is, the interval [, +] within which values of should fall with probability . ...
A sieve analysis (or gradation test) is a practice or procedure used in geology, civil engineering, [1] and chemical engineering [2] to assess the particle size distribution (also called gradation) of a granular material by allowing the material to pass through a series of sieves of progressively smaller mesh size and weighing the amount of material that is stopped by each sieve as a fraction ...
Because actual rather than absolute values of the forecast errors are used in the formula, positive and negative forecast errors can offset each other; as a result, the formula can be used as a measure of the bias in the forecasts. A disadvantage of this measure is that it is undefined whenever a single actual value is zero.
Measurement uncertainty. In metrology, measurement uncertainty is the expression of the statistical dispersion of the values attributed to a quantity measured on an interval or ratio scale. All measurements are subject to uncertainty and a measurement result is complete only when it is accompanied by a statement of the associated uncertainty ...
Half maximal inhibitory concentration ( IC50) is a measure of the potency of a substance in inhibiting a specific biological or biochemical function. IC 50 is a quantitative measure that indicates how much of a particular inhibitory substance (e.g. drug) is needed to inhibit, in vitro, a given biological process or biological component by 50%. [1]
Stoichiometry. A stoichiometric diagram of the combustion reaction of methane. Stoichiometry ( / ˌstɔɪkiˈɒmɪtri /) is the relationship between the weights of reactants and products before, during, and following chemical reactions . Stoichiometry is founded on the law of conservation of mass where the total mass of the reactants equals the ...