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Equal frequency bucketing offers one advantage over other methods in that it ensures data distribution within each bin is equal, improving accuracy in analysis. However, this approach may need more computational power if your dataset is very large. | Equal frequency bucketing offers one advantage over other methods in that it ensures data distribution within each bin is equal, improving accuracy in analysis. However, this approach may need more computational power if your dataset is very large. | ||
==Explain Like I'm 5 (ELI5)== | |||
Bucketing or binning is like sorting your toys into distinct boxes. Just as you might have a box for toy cars and another for dolls, bucketing occurs when a computer groups items that are similar. |