frac12sigma2
frac12sigma2 is a mathematical expression that represents half of the variance of a random variable, often denoted by the Greek letter sigma squared (sigma^2). Variance is a measure of how spread out a set of numbers is from their average value. It is calculated by taking the average of the squared differences from the mean. Therefore, frac12sigma2 is simply this average squared difference divided by two.
This expression appears in various statistical contexts. For example, in the context of maximum likelihood estimation