Binning
Data Binning, Bucketing, or Discretization is a data smoothing and pre-processing method to group original continuous data into small, discrete bins, intervals, or categories. Each bin is considered separate so that a general value representing the whole bin can be calculated
Also referred to as Data Bucketing.
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Background and Disclaimer: In the company I’m working at, We’ve segmented our customers into four classes based on their payment behavior. Typically, when segmenting customers in a business setting…🔗Medium -