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Online algorithms refer to computations that are performed iteratively, with data arriving during the computation. Online learning are methods which works when the data arrives. For questions focusing on the Internet, please use the "internet" tag.
4
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Online estimation of quartiles without storing observations
A very slight change to the method you posted and you can compute any arbitrary percentile, without having to compute all of the quantiles. Here's the Python code:
class RunningPercentile:
def __ …