An aggregate is just a clumping together of values according to some aggregation principle(s). For example, there is an aggregate() function in R language. This applies to a time series method or data frame method, and the organizing or aggregating formula might just be addition, or finding a mean value, for example, presidential popularity by year from daily popularity data, or Compute the averages for the variables in 'state.x77', grouped
according to the region (Northeast, South, North Central, West) that each state belongs to. In the OP's reference default aggregation appears to refer to finding the mean and confidence intervals of a time series with multiple $y$-values at each time, with another choice being a mean with $\pm$standard deviations. For machine learning, the aggregate is the output of Ensemble learning; "In statistics and machine learning, ensemble methods use multiple learning algorithms to obtain better predictive performance than could be obtained from any of the constituent learning algorithms alone." Aggregation is the method used for forming an aggregate. This usage is seen in the title Ensemble aggregation methods for relocating models of rare events.
Let's put this in more human terms. What ensemble learning methods do is aggregate (to combine 'a vote democratically') from several learning algorithms to make choices. To see why this works, let us construct an example.
One could ask, "Why is the word tribunal in common usage?" To make a long story short, tribunals composed of three adjudicators are more likely (because the best two of three opinions is also the median opinion) to make a best decision than any single judge's opinion would. Also, many people voting for something, is more likely to be constitutionally better than if fewer vote that way.
To see the improvement, let us assume that each judge has a 2/3 probability of being correct (a '1') and a 1/3 probability of being wrong (a '0'). Then to see the improvement a tribunal opinion would have for deciding correctly (a '1'), we choose taking the median as the aggregation method, where the aggregate output is the median, and list out all the equal possibilities:
This shows that the improvement of getting the correct answer has gone from 66.67% (2/3) for odds of correctness for individual judges to 74.07% (20/27) for the median judge's answer. For a more mathematically complete description see "The dirty coins and the three judges"
question and answer. Summarizing, as long as the judges have an opinion better than 50-50 (which would be perfect cluelessness), taking the median (an aggregate, or combined value) of three independent opinions (which is what a tribunal supposedly does) will increase the odds of getting the right answer.
In other contexts, aggregates are made when the aggregation increases precision/accuracy and/or to create representative values for subsets (e.g., sort and add).
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