Exact statistics typically refers to methods in statistical analysis that provide precise probabilities or exact solutions to statistical problems, often under specific conditions or constraints. This can involve the use of parametric or non-parametric methods that offer exact results rather than approximate or asymptotic solutions. Here are a few examples where the term "exact statistics" might be applicable: 1. **Exact Tests**: These are statistical tests that yield an exact p-value based on the distribution of the test statistic under the null hypothesis.
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