PARAMETRIC STATISTIC

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 Dictionary entry overview: What does parametric statistic mean? 

• PARAMETRIC STATISTIC (noun)
  The noun PARAMETRIC STATISTIC has 1 sense:

1. any statistic computed by procedures that assume the data were drawn from a particular distribution

  Familiarity information: PARAMETRIC STATISTIC used as a noun is very rare.

 Dictionary entry details 

• PARAMETRIC STATISTIC (noun)

Sense 1

Meaning:

Any statistic computed by procedures that assume the data were drawn from a particular distribution

Classified under:

Nouns denoting cognitive processes and contents

Hypernyms ("parametric statistic" is a kind of...):

statistic (a datum that can be represented numerically)

Domain category:

statistics (a branch of applied mathematics concerned with the collection and interpretation of quantitative data and the use of probability theory to estimate population parameters)

Hyponyms (each of the following is a kind of "parametric statistic"):

regression coefficient (when the regression line is linear (y = ax + b) the regression coefficient is the constant (a) that represents the rate of change of one variable (y) as a function of changes in the other (x); it is the slope of the regression line)

coefficient of correlation; correlation; correlation coefficient (a statistic representing how closely two variables co-vary; it can vary from -1 (perfect negative correlation) through 0 (no correlation) to +1 (perfect positive correlation))