👉 Imputation, in statistics and econometrics, is a method of estimating missing data by replacing them with estimates based on the observed values of other variables. It involves using statistical models to estimate the missing data without knowing how it was filled in.
In the context of imputing, "imputed" refers to the process of filling in missing data using the estimated values from another variable or dataset. Imputation can be used for a variety of purposes, such as:
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Estimation
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What is the definition of Imputedly? 🙋
What is the definition of Imputed? 🙋
👉 Imputation is a statistical technique used to estimate missing values in data sets by filling them with similar values. It involves replacing missing observations with the mean of those observations, or using other measures of central tendency such as median or mode. In machine learning and data science, imputing missing values can be crucial for various applications such as predicting future outcomes, correcting errors, and filling gaps in historical data. Imputed data is often used alongside other techniques like regression analysis to improve the accuracy and reliability of
