Description: Quantile is a statistical term that describes the division of a dataset into equal-sized subsets. In other words, quantiles are values that divide a dataset into equal parts, allowing for more effective analysis of data distribution. There are different types of quantiles, with the most common being quartiles, percentiles, and deciles. Quartiles divide the data into four equal parts, percentiles into one hundred, and deciles into ten. This tool is fundamental in statistical analysis as it provides information about central tendency and data dispersion. Quantiles are particularly useful for identifying outliers and understanding variability within a dataset. Additionally, they allow for more effective comparison of different datasets, facilitating the interpretation of results across various disciplines, from economics to health sciences. In summary, quantiles are an essential tool in data analysis, providing a clear and structured way to understand the distribution and characteristics of a dataset.
