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It measures how similar an object is to its own cluster (cohesion) compared to other clusters (separation).
It measures how sharply peaked a distribution is, relative to its width.
It measures how much hemoglobin has reacted with glucose.
It measures how much someone is affecting the conversation.
It measures how far off time you are from a beat.
It measures how much the two vectors are going along each other.
It measures how much saved-up time is available to pay for expensive operations.
As such it measures how efficiently they are being used in an economy.
Put simply, it measures how effective a nation is at making stuff and providing services.
For stock prices this is called volatility, and it measures how erratically the price fluctuates.
It measures how much things can change before an investment decision must finally be made.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com