Intro to Business Analytics
A centroid is a central point that represents the average position of all the points in a dataset. In the context of clustering algorithms, particularly K-means, the centroid serves as the center of a cluster, helping to define the group's location in multidimensional space. This point is calculated as the mean of all data points assigned to that cluster, and it plays a crucial role in determining how clusters are formed and adjusted throughout the algorithm's iterations.
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