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This lesson is a part of the course Statistical Concepts and Market Returns
A quantile refers to a value at or below which a stated fraction of the data lies. Quantile is a general term, and we have different types of quantiles referring to different fractions.
| Quartiles | Divides the distribution into quarters. |
| Quintiles | Divides the distribution into fifths. |
| Deciles | Divides the distribution into tenths. |
| Percentiles | Divides the distribution into hundredths. |