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JamesR

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Posts: 216

Joined: 10/4/2008
Location: Gloucestershire, England, UK

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Subject : Tradescope Bins & Segments
Posted : 2/5/2012 8:53 AM
Post #25788

I am just starting to get to grips with Tradescope and have a couple of questions.

Is there any more detailed information on Binning and Segmentation?

I have gone through the video that came with Tradescope and have read the user manual but they are both very light in information.

This has left me wondering what is the effect of different 'binning' settings. I get the impression that for each variable the result of the calculation will be put into a 'bin' dependent upon the settings you choose, but I don't have any idea why that matters or what the effect is - I have been trying to play around with a small data set to get an idea, but that hasn't helped much. This is further confused for me when the variable is a boolean - if the result can only be yes or no, can there only be 2 bins regardless of the setting I choose for that variable?

On segmentation I understand Equal Size and Custom Boundaries but don't understand Equal Sample - I keep reading the user guide definition which says boundaries are selected such that there is an equal probability of a chart moving past each section - no matter how many times I read it and how many times I play with data, I can't get a clear idea in my head what that means!!

Is there a link between Binning and Segments?

Happy to read about it if there is information available or an explanation would be greatly appreciated otherwise I am going to struggle to trust the Tradescopes when I don't understand what I am asking them to do!

Many thanks as always


[Edited by JamesR on 2/5/2012 8:55 AM]

Deleting message 25788 : Tradescope Bins & Segments


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