An investment approach that places securities into groups based on the correlation found among their returns. Securities with high positive correlations are grouped together and segregated from those with negative correlation. Between each cluster, v...
Definitionedit]. The notion of a "cluster" cannot be precisely defined, which is one
of the reasons why there are so many clustering ...
Definition of cluster analysis: Statistical classification technique in which cases,
data, or objects (events, people, things, etc.) are sub-divided into groups ...
In fact, cluster analysis is not as much a typical statistical test as it is a "collection"
of different algorithms that "put objects into clusters according to well defined ...
Definition: Cluster analysis
is a statistical technique used to identify how various units (people, groups, or societies), can be grouped together because of characteristics they have in common.
If we look at countries and group them into clusters
based on characterist... More »
Algorithms. Cluster analysis divides data into groups (clusters) that are
meaningful, useful, or both. .... First, we further define cluster analysis, illustrating
why it is.
a statistical classification technique for discovering whether the individuals of a
population fall into different groups by making quantitative comparisons of ...
The purpose of cluster analysis is to place objects into groups, or clusters,
suggested by the data, not defined a priori, such that objects in a given cluster
tend to ...
DEFINITION of 'Cluster Analysis'. An investment approach that places securities
into groups based on the correlation found among their returns. Securities with ...
Noun. (plural cluster analyses). (artificial intelligence, statistics) The classification
of objects into different groups, or more precisely, the partitioning of a data set ...