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RANDOM COMPONENT

Statistics Directorate    
Definition:
If a magnitude consists of a number of parts compounded in some way, e.g. by addition or multiplication, any such part as is a variate is a random component of the magnitude.

Source Publication:
A Dictionary of Statistical Terms, 5th edition, prepared for the International Statistical Institute by F.H.C. Marriott. Published for the International Statistical Institute by Longman Scientific and Technical.

Statistical Theme: Methodological information (metadata)

Created on Sunday, May 26, 2002