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Briefly explain the importance of forecasting for managers?

#### Frequency distribution, The division of a sample of observations into sever...

The division of a sample of observations into several classes, together with the number of observations in each of them.  It acts as a useful summary of the main features of the da

#### Prepare a depreciation schedule for the rental equipment, Sam Tyler, a sing...

Sam Tyler, a single taxpayer, social security number 111-44-1111, bought Rental Equipment on 04/01/2010. He paid \$400,000 including all closing and delivery costs. In the current y

#### Designmatrix, how to constuct design matrix

how to constuct design matrix

#### Interior analysis, Interior analysis is the  term now and again applied to...

Interior analysis is the  term now and again applied to analysis carried out on the fitted model in regression problem. The basic target of such analyses is the identification of

#### Gauss markov theorem, This is the theorem which states that if the error te...

This is the theorem which states that if the error terms in a multiple regression have the same variance and are not corrected, then the estimators of the parameters in the model p

#### Oracle property, Oracle property is a name given to techniques for estimat...

Oracle property is a name given to techniques for estimating the regression parameters in the models fitted to high-dimensional data which have the property that they can correctl

#### Dropout, A subject who withdraws from the study for whatever reason, advers...

A subject who withdraws from the study for whatever reason, adverse side effects, noncompliance, moving away from the district, etc. In number of cases the reason may not be known.

#### Window estimates, Window estimates is a term which occurs in the context o...

Window estimates is a term which occurs in the context of the both frequency domain and time domain estimation for the time series. In the previous it generally applies to weights

#### Explain median absolute deviation (mad), Median absolute deviation (MAD) : ...

Median absolute deviation (MAD) : It is the very robust estimator of the scale given by the following equation   or, in other words we can say that, the median of the absolute

#### Non-identified response, Non-identified response is a term used to signify...

Non-identified response is a term used to signify censored observations in survival data, which are not independent of the endpoint of the interest. Such observations can happen f