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Hi
I tried drilling down on the function stdev and I found out that it is equal to stdev.s of excel.
Excel has 2 ways of calculating standard deviation 1)Stdev.P 2)Stdev.S.
I would like to show how these works. Let us suppose we have 2 nos. 85 and 90.
so if i use Stdev.P ans is 2.5 and that has to be the ans
if i use Stdev.S ans is 3.34.
and the same ans 3.34 is given by qlik view Stdev formula. Isnt it wrong? please guide me
For large sample sizes, both Excel functions converge. Neither is wrong, it depends on how you derive the mean value (estimate or not). For more details, you should talk to a statistician of your choice.
You can transform Stdev.S into Stdev.P by calculating something like
Stdev.S * sqrt(N-1) / sqrt(N) = Stdev.P
N being your sample size (count of values).
For large sample sizes, both Excel functions converge. Neither is wrong, it depends on how you derive the mean value (estimate or not). For more details, you should talk to a statistician of your choice.
You can transform Stdev.S into Stdev.P by calculating something like
Stdev.S * sqrt(N-1) / sqrt(N) = Stdev.P
N being your sample size (count of values).
Thanks for enlightening me with the conversion forumla..so simple yet requires common sense which i lack a bit...
I was trying from the whole day to write the big whole formula of Stdev.P(taking avg then summing it up then sqrt and all) in qlik view.