time series, Advanced Statistics

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relevancy of time series in business management

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Probability., 5. Packages from a machine a normally distributed with a mean...

5. Packages from a machine a normally distributed with a mean 200g and its standard deviation 2grams. Find the probability that a package from the machine weighs a) Less than

Describe human capital model, Human capital model : The model for evaluatin...

Human capital model : The model for evaluating the economic implication of the disease in terms of the economic loss of a person succumbing to morbidity or the mortality at some pa

Weighted least squares, Weighted least squares  is the method of estimation...

Weighted least squares  is the method of estimation in which the estimates arise from minimizing the weighted sum of squares of the differences between response variable and its pr

Confidence interval, Confidence interval : A range of the values, calculate...

Confidence interval : A range of the values, calculated from the sample observations which is believed, with the particular probability, to posses the true parameter value. A 95% c

Alternative hypothesis, The Null Hypothesis - H0: β0 = 0, H0: β 1 = 0, H...

The Null Hypothesis - H0: β0 = 0, H0: β 1 = 0, H0: β 2 = 0, Β i = 0 The Alternative Hypothesis - H1: β0 ≠ 0, H0: β 1 ≠ 0, H0: β 2 ≠ 0, Β i ≠ 0      i =0, 1, 2, 3

Degrees of freedom, A vague concept which occurs all through statistics. Es...

A vague concept which occurs all through statistics. Essentially the term means the number of independent units of the information in an easy relevant to the estimation of the para

Fibonacci distribution, The probability distribution of the various observa...

The probability distribution of the various observations is required to obtain the run of two successes in the series of Bernoulli trials with the probability of success equal to a

Classification matrix, Classification matrix: A term many times used in di...

Classification matrix: A term many times used in discriminant analysis for the matrix summarizing the results and outputs obtained from the derived classi?cation rule, and obtaine

Higher criticism, Higher criticism is a multiple-comparison test concept a...

Higher criticism is a multiple-comparison test concept arising from the situation where there are number of independent tests of significance and interest lies in the rejecting jo

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