What is mean in SAP (BI-RA-PA - SAP Predictive Analytics)?

SAP Term: mean

• Component: BI-RA-PA

• Component Name: SAP Predictive Analytics

• Description: Arithmetic average value of a collection of numeric data.

AnswerBot for ERP

• Key Concepts: 
  Mean is a statistical measure of central tendency that is calculated by adding up a group of numbers and then dividing by the count of those numbers. In SAP Predictive Analytics, mean is used to measure the average value of a set of data points. 
  
  How to use it: 
  Mean can be used to measure the average value of a set of data points in SAP Predictive Analytics. To calculate the mean, add up all the data points and divide by the number of data points. 
  
  Tips & Tricks: 
  Mean is affected by outliers, so it is important to identify and remove any outliers before calculating the mean. Additionally, mean can be used to compare different sets of data points. 
  
  Related Information: 
  Mean is one of several measures of central tendency, including median and mode. Additionally, mean can be used in conjunction with other measures such as standard deviation and variance to gain further insights into a dataset.