What is quatilization?

Answer 1

Quantilization is a statistical technique used to divide a dataset into equal-sized subsets or groups, known as quantiles. Each quantile represents a specific portion of the data, allowing for a better understanding of the distribution and behavior of the dataset. Common types of quantiles include quartiles, deciles, and percentiles, which respectively divide the data into four, ten, and one hundred equal parts. This method is useful for summarizing data and identifying trends or patterns within it.