What are thresholds in data analysis?

What are thresholds in data analysis?

Thresholds in data analysis are specific values that help determine when a certain action should be taken or when a condition is met.

Can you give me an example of how thresholds are used?

Sure! In a medical context, a threshold might be a specific blood sugar level that indicates whether a patient is diabetic.

How do I set thresholds for my data?

To set thresholds, analyze your data to identify key points where changes occur, and then define values based on those insights.

What happens if I set the threshold too high or too low?

If set too high, you might miss important signals; if too low, you could get too many false positives.