How is is Rarity calculated in JMP Explore Patterns, and how is Rarity useful?Rarity is a measure of how unlikely a pattern would be to occur by chance. Jmp Systems Engineer Ross Metusalem @Ross_Metusalem suggests thinking of it in terms of coin flips. A Rarity value of x is similar to the likelihood of flipping a coin and getting x heads in a row.
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Explore Patterns Rarity value helps you decide if patterns is worth investigating.
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