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Descriptive statistics summarize features of a sample, such as mean and standard deviations, median and quartiles, the maximum and minimum. With multiple variables, may include correlations and crosstabs. Can include visual displays - boxplots, histograms, scatterplots and so on.
2
votes
Best statistic for measuring prediction accuracy that is robust for outliers
I, too, am working with data that has a few extreme values (these are real values but make the data very non-Gaussian). My approach has been to develop goodness-of-fit statistics based a non-Gaussian …