Explain SERIAL CORRELATION: “As prices vary from day to day, you might expect to see patterns. If the price is high on Monday, you might expect it to be high for a few more days; and if it’s low, you might expect it to stay low. A pattern like this is called serial correlation, because each value is correlated with the next one in the series. To compute serial correlation, we can shift the time series by an interval called a lag, and then compute the correlation of the shifted series with the original... 'Autocorrelation' is another name for serial correlation, used more often when the lag is not 1.”[downey] See also correlation.
Different definitions in web development like serial correlation in Dictionary S.
- Manual Supervised Learning:
- Meaning learning algorithm in which a system is taught to classify input into specific, known classes. The classic example is sorting email into spam versus ham. See also unsupervised learning, reinforcement serial correlation definition.
- Manual Standard Normal Distribution:
- Meaning distribution with a mean of 0 and a standard deviation of 1. When graphed, it’s a bell-shaped curve centered around the y axis, where x=0. See also normal distribution, mean, standard deviation serial correlation explain.
- Manual SPSS:
- Meaning statistical software package, or according to the product home page, “predictive analytics software.”[spss] The product has always been popular in the social sciences. The company, founded in 1968 serial correlation what is.
- Manual Spatiotemporal Data:
- Meaning Time series data that also includes geographic identifiers such as latitude-longitude pairs. See also time series data serial correlation meaning.
- Manual Schemat:
- Meaning a mathematical (or probabilistic) relationship that exists between different variables.”[grus] Because “modeling” can mean so many things, the term “statistical modeling” is often used to more serial correlation abbreviation.
