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L1 07 Statistical Concepts and Market Returns > A > Flashcards

Flashcards in A Deck (9):
1

Descriptive statistics

Summarizes important data descriptions

2

Inferential statistics

Observing a small group then forecasting a large group

3

Population

All members of a specified group

4

Sample

A subset of the population

5

Measurement Scales

Nominal, Ordinal, Interval, Ratio

6

Nominal

Mutual funds: Groups but no rank

7

Ordinal

Mutual Fund Performance: Observations are ranked, differences are not equalized

8

Interval

Temperature: Rank and differences between scale values are equal but no true zero point exists

9

Ratio

Money, rates of return: Ranked, and differences between scales are equal and a true zero point exists.

Decks in L1 07 Statistical Concepts and Market Returns Class (23):