What does exchangeability mean?

Definitions for exchangeability
ex·change·abil·i·ty

This dictionary definitions page includes all the possible meanings, example usage and translations of the word exchangeability.

Princeton's WordNet

  1. exchangeability, interchangeability, interchangeableness, fungibilitynoun

    the quality of being capable of exchange or interchange

Wiktionary

  1. exchangeabilitynoun

    The condition of being exchangeable

Wikipedia

  1. exchangeability

    In statistics, an exchangeable sequence of random variables (also sometimes interchangeable) is a sequence X1, X2, X3, ... (which may be finitely or infinitely long) whose joint probability distribution does not change when the positions in the sequence in which finitely many of them appear are altered. Thus, for example the sequences X 1 , X 2 , X 3 , X 4 , X 5 , X 6 and X 3 , X 6 , X 1 , X 5 , X 2 , X 4 {\displaystyle X_{1},X_{2},X_{3},X_{4},X_{5},X_{6}\quad {\text{ and }}\quad X_{3},X_{6},X_{1},X_{5},X_{2},X_{4}} both have the same joint probability distribution. It is closely related to the use of independent and identically distributed random variables in statistical models. Exchangeable sequences of random variables arise in cases of simple random sampling.

ChatGPT

  1. exchangeability

    Exchangeability is a principle or concept within probability and statistics theory where the outcomes of multiple random variables or measurements remain the same regardless of the order in which they are observed or occur. In essence, if the joint probability distribution of these variables remains unchanged under permutations of indices, those variables are said to be exchangeable. This property is crucial in many statistical methods such as Bayesian inference and statistical modelling.

Webster Dictionary

  1. Exchangeabilitynoun

    the quality or state of being exchangeable

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Numerology

  1. Chaldean Numerology

    The numerical value of exchangeability in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of exchangeability in Pythagorean Numerology is: 1

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"exchangeability." Definitions.net. STANDS4 LLC, 2024. Web. 22 Dec. 2024. <https://www.definitions.net/definition/exchangeability>.

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