In probability theory and statistics, the exponential distribution is the probability distribution of the time between events in a Poisson point process, i.e., a process in which events occur continuously and independently at a constant average rate.It is a particular case of the gamma distribution.It is the continuous analogue of the geometric distribution, and it has the key …

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In probability theory and statistics, a conditional variance is the variance of a random variable given the value(s) of one or more other variables. Particularly in econometrics, the conditional variance is also known as the scedastic function or skedastic function. Conditional variances are important parts of autoregressive conditional heteroskedasticity (ARCH) models.

Variance definition, the state, quality, or fact of being variable, divergent, different, or anomalous. See more.

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We can define variance as a measure of how far each value in the data set is from the mean. Standard deviation and variance are almost the same, their only difference is that, standard deviation is the square root of variance.. Formula to calculate variance of ungrouped data.. To calculate variance of ungrouped data;

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