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Indirect standardization is the procedure of adjusting the crude mortality or morbidity rate for one or more variables by making use of a known reference population. It may, for instance, be needed to compare cancer mortality rates of single and married women with the adjustment being made for the likely different age distributions in two groups. Age-specific mortality rates in the reference population are applied individually to the age distributions of the two groups to obtain the probable number of deaths in each. These can then be summed with the observed number of deaths in the two groups to obtain comparable mortality rates.
An investor with a stock portfolio sued his broker, claiming that a lack of diversification in his portfolio had led to poor performance. The data, shown below, are the rates of re
In the experimental studies, the collection of individuals to which the experimental process of interest is not applied. In the observational studies, most often used for a collect
Point scoring is an easy distribution free method which can be used for the prediction of a response which is a binary variable from the observations on several explanatory variab
PRINCIPLES OF MODELLING IN OR.
Matching coefficient is a similarity coefficient for data consisting of the number of binary variables which is often used in cluster analysis. It can be given as follows he
The method or technique for producing the sequence of parameter estimates that, under the mild regularity conditions, converges to maximum likelihood estimator. Of particular signi
Genomics is the study of the structure, function and the evolution of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) sequences which comprise the genome of living organisms
Advantages and disadvantages of Integrated Economic Statistics
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
Method of moments is the procedure for estimating the parameters in a model by equating sample moments to the population values. A famous early instance of the use of the proced
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