Probabilistic Decision-Making
Missing completely at random (MCAR) refers to a situation in which the missing data points in a dataset are completely unrelated to the values of the observed data or the values that are missing. This means that the likelihood of data being missing is the same across all observations and is not influenced by any variables, observed or unobserved. Understanding MCAR is essential when performing exploratory data analysis, as it helps in assessing the impact of missing data on statistical analyses and model results.
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