sequential analysis

noun

, Statistics.

1. the analysis of data obtained from a sample the size of which is not fixed in advance, but is selected based on the outcome of the sampling as it proceeds.

Example Sentences

Increasingly, we no longer have to rely on failing in the real world, but can simulate failure and we have a variety of tools, such as Markov chains, agent based models and other forms of sequential analysis, which allow us to do it extremely cheaply.

From Forbes