Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
C
- Central Tendency
- A summary statistic describing a dataset's typical or central value, most commonly represented by the mean, median, or mode.
D
- Descriptive Statistics
- A branch of statistics concerned with summarising a dataset's basic features, such as central tendency and dispersion, without drawing inferences about a broader population.
M
- Mean
- A central tendency measure calculated as the sum of a set of values divided by the number of values.
- Median
- A central tendency measure representing the middle value of an ordered dataset, dividing it into two equal halves.
- Mode
- A central tendency measure representing the most frequently occurring value within a dataset.