Beta

Beta refers to a measure or version that signifies a stage of development or quality in various contexts.

In Finance: Beta is a measure of a Stock’s volatility in relation to the market. A beta of 1 indicates that the Stock’s price moves with the market, while a beta greater than 1 indicates higher volatility, and less than 1 indicates lower volatility.
Example: A Stock with a beta of 1.5 is expected to be 50% more volatile than the market. If the market increases by 10%, the Stock may increase by 15%.
In Software Development: A beta version is a pre-reLease version of software that is made available for testing. It is typically more stable than the Alpha version but may still contain bugs.
Example: A game might be reLeased in beta to a limited number of users to gather feedback and fix issues before the official launch.
In Statistics: Beta can refer to a parameter in Regression analysis that represents the degree of change in the Dependent variable for a one-unit change in an inDependent variable.
Example: In a linear Regression model, if the beta coefficient for advertising spend is 2, it indicates that for every dollar spent on advertising, sales increase by $2.