Variance is a statistical term that measures the mean-square difference bwteen a value and its expected value (often its mean, μ). It is usually written σ2, and it is the square of the standard deviatoon (σ), which is often a more meaningful measure, albeit less useful for calculations. For a simple series of data items (xi) the variance is calculated by
σ2 = ( Σi (xi &munus; μ) 2
However, for more complicated models the expected value for each data item may be differenct.
Defined on page 139
Used on pages 139, 140, 141, 142, 207
Links:
- alandix.com: variance