Glossary /  
Average

Average

Category:
Data Analytics Concept
Level:
Basic

Calculating the average is a fundamental statistical concept that is used to determine the central tendency of a dataset. The average, also known as the mean, is computed by adding up all the values in a dataset and dividing by the total number of observations.

This measure is particularly relevant for Graphext because it can provide insights into the distribution of data and help identify trends and patterns. By calculating the average of a particular variable, we can determine its typical value and compare it to other variables within the same dataset.

To calculate the average in Graphext, users can use the built-in aggregation function. Simply select the variable of interest, choose "average" as the aggregation function, and run the computation.

In summary, the average is a crucial statistical concept that can provide valuable insights into datasets. By calculating the average in Graphext, users can better understand the distribution of data and make more informed decisions based on their findings.