bandby
Bandby is a data analysis technique used to transform a continuous variable into discrete categories by partitioning its range into a set of non-overlapping intervals called bands. The approach supports simplified summaries, easier visualization, and comparisons across ranges.
In practice, banding can be implemented as equal-width bands (dividing the range into intervals of equal size),
Applications of bandby span diverse fields. In economics, it may illustrate income or expenditure distributions. In
Advantages include reduced noise, improved interpretability, and straightforward visualization. Limitations involve potential loss of fine-grained information,
See also: binning, discretization, histograms, quantile-based grouping.