Search results
In economics, the Gini coefficient (/ ˈ dʒ iː n i / JEE-nee), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality within a nation or a social group.
Jun 30, 2023 · The Gini coefficient captures how far the Lorenz curve falls from the “line of equality” by comparing the areas A and B, as calculated in the following way: Gini coefficient = A / (A + B) The Lorenz curve is the “line of equality” where incomes are shared perfectly equally.
Apr 16, 2024 · The Gini coefficient, also known as the Gini index, is the statistical measure used to measure the income distribution among the country’s population, i.e., it helps measure the income inequality of the country’s population.
Nov 24, 2022 · Gini Index is a powerful tool for decision tree technique in machine learning models. This detailed guide helps you learn everything from Gini index formula, how to calculate Gini index, Gini index decision tree, Gini index example and more!
Apr 14, 2024 · The Gini index, or Gini coefficient, measures income inequality in nations by determining how income is distributed across their populations.
Feb 2, 2022 · The Gini coefficient is equal to the area between the actual income distribution curve and the line of perfect income equality, scaled to a number between 0 and 100. The Gini coefficient is the Gini index expressed as a number between 0 and 1. How to Calculate The Gini Coefficient
Jan 18, 2024 · You can calculate the Gini coefficient in three steps: Determine the area above the Lorenz curve and below the line of equality (A). Determine the area below the Lorenz curve (B). Apply the Gini coefficient formula: Gini coefficient = A / (A + B)
