Statistics Cheatsheet

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Measures of Central Tendency

Term

Definition

Formula

MeanThe arithmetic average of a set of values.i=1nxin
MedianThe middle value of a dataset.For n even: x~=Value at position(n2)+Value at position(n2+1)2 For n odd: x~=Value at position(n+12)
ModeThe most frequently occurring value in a dataset.
Central Limit TheoremA theorem stating that the sampling distribution of the sample mean of a random variable approaches a normal distribution as the sample size increases, regardless of the shape of the population distribution, provided that the sample size is sufficiently large.
Weighted MeanThe average of a set of values, each multiplied by a corresponding value called its weight.i=1n(xi×wi)i=1nwi
Trimmed MeanA trimmed mean is calculated by removing a certain percentage of the lowest and highest values from a dataset and then calculating the mean of the remaining values. i=p+1npxin2p
Mean Absolute DeviationA measure of the average absolute deviation of a set of values from their mean. 1ni=1n|xix¯| Where x¯ is the mean of the dataset.
Median Absolute DeviationA measure of the spread of data points around the median. median(|Ximedian(X)|)
Moving Average A statistical technique used to smooth out fluctuations in data by averaging data points over a specified period. It helps identify trends by reducing the impact of random variations. SMAk=xtk+1+xtk+2++xtk Where SMAk is the simple moving average for period k, xt represents the value at time t, and k is the number of periods over which the averaging is performed.

Inferential Statistics

Experimental Design

Measures of Variability

Basic Probability

Discrete Probability Distributions

Continuous Probability Distributions

Data Anomalies

Entropy

Measures of Shape