What is standard deviation in SAP BI-RA-PA - SAP Predictive Analytics?

SAP Term: standard deviation

• Component: BI-RA-PA

• Component Name: SAP Predictive Analytics

• Description: Measure of the dispersion of a collection of numbers.

Smart SAP Assistant

• Key Concepts: 
  Standard deviation is a measure of how spread out a set of data is. It is calculated by taking the square root of the variance, which is the average of the squared differences from the mean. The standard deviation is used to measure the variability of a dataset and can be used to compare different datasets. 
  
  How to use it: 
  In SAP Predictive Analytics, standard deviation can be used to measure the variability of a dataset. It can be used to compare different datasets and identify outliers. It can also be used to identify trends in data and make predictions about future values. 
  
  Tips & Tricks: 
  When using standard deviation, it is important to remember that it is only an estimate of the true variability in a dataset. It is also important to remember that standard deviation does not take into account any outliers in the dataset, so it may not be an accurate measure of variability. 
  
  Related Information: 
  Standard deviation is related to other measures of variability such as variance, range, and interquartile range. It can also be used in conjunction with other statistical methods such as regression analysis and hypothesis testing.