This article was originally published on Built In by Eric Kleppen. Variance is a powerful statistic used in data analysis and machine learning. It is one of the four main measures of variability along ...

Variance is a statistical calculation that numerically describes the amount of variation in a data set. If values in a data set wildly fluctuate, variance would be high and predictions based on the ...

Journal of the Royal Statistical Society. Series D (The Statistician) This paper discusses some teaching problems encountered in using $$S_1^2 = \sum^n_{i = 1}(x_i ...

Subsampling and block resampling methods have been suggested in the literature to nonparametrically estimate the variance of statistics computed from spatial data. Usually stationary data are required ...