homogeneity of variance
Definition
Condition in which all the variables in a sequence have the same finite, or limited, variance. When homogeneity of variance is determined to hold true for a statistical model, a simpler statistical or computational approach to analyzing the data may be used due to a low level of uncertainty in the data. Also called homoscedasticity.
Related Articles
- Introduction to Stock Indexes, DJIA and the NASDAQ *
- Using Your IRA for Real Estate Investments *
- Forex Trading Based On News Releases *
- Consider Taxes When Picking Mutual Funds *
- Introduction to the Economy, Fiscal and Monetary Policy *
- Precious Metal Options May Be a Good Investment *
- Initial Public Offerings *
- Tax Advantaged Investment Options for Retirement *
Related Videos
http://www.businessdictionary.com/definition/homogeneity-of-variance.html
