DEFINITION of 'Sample'
A subset containing the characteristics of a larger population. Samples are used in statistical testing when population sizes are too large for the test to include all possible members or observations. A sample should represent the whole population and not reflect bias toward a specific attribute.
INVESTOPEDIA EXPLAINS 'Sample'
A sample is a smaller, manageable version of a larger group. For example, if you wanted to test an investment strategy on past stock data, you would have an enormous number of stocks to test. Instead of testing the strategy on every stock, you would use a sample, which allows you to draw statistical insights from a smaller group of stocks. The sample should not contain any bias, such as the survivorship bias, where you might only use stocks that have survived the entire length of time you wish to test. Choosing a sample randomly should eliminate the possibilities of bias.

Sampling Distribution
A probability distribution of a statistic obtained through a ... 
Sampling Error
A statistical error to which an analyst exposes a model simply ... 
Normal Distribution
A probability distribution that plots all of its values in a ... 
LookAhead Bias
Bias created by the use of information or data in a study or ... 
Survivorship Bias
The tendency for mutual funds with poor performance to be dropped ... 
Attribute Bias
The tendency of stocks selected by a quantitative technique or ...

What is the criteria for a simple random sample?
Simple random sampling is the most basic form of sampling and can be a component of more precise, more complex sampling methods. ... Read Full Answer >> 
What are the best selection methods for creating a simple random sample?
The best selection methods for selecting a simple random sample are the lottery method, using a random number table or having ... Read Full Answer >> 
What are some examples of stratified random sampling?
Simple random sampling is a sample of individuals that exist in a population; the individuals are randomly selected from ... Read Full Answer >> 
What is a "linear" exposure in Value at Risk (VaR) calculation?
A linear exposure in the valueatrisk, or VaR, calculation is represented by positions in stocks, bonds, commodities or ... Read Full Answer >> 
What are some examples of ways that sensitivity analysis can be used?
Sensitivity analysis is an analysis method that is used to identify how much variations in the input values for a given variable ... Read Full Answer >> 
How is the 8020 rule (Pareto's Principle) used in macroeconomics?
The 8020 rule was first used in macroeconomics to describe the distribution of wealth in Italy in the early 20th century, ... Read Full Answer >>

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Active Trading
Modern Portfolio Theory: Why It's Still Hip
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A Guide To Conference Board Indicators
Learn to put the CB data sets to trading use. Each chapter takes you through one of the board's benchmark indicators or surveys, their significance and their applications. 
Investing
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Fundamental Analysis
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Fundamental Analysis
Calculating Net Interest Margin
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Economics
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Fundamental Analysis
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