The documentation says, "No more than p levels of the dendrogram tree are displayed. A “level” includes all nodes with p merges from the last merge." (p is another parameter) I can't figure out what "p merges from the last merge" means. Can anyone explain it?
(I've created dendrograms of the same data with truncate_mode='level' and truncate_mode='lastp'; I didn't find the comparison illuminating.)
