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Bayesian confidence interval: An interval of the posterior distribution which is so that the density of it at any point inside the interval is greater than that of the density at any point outside and that the area which comes under the curve for that interval is equal to the prespeci?ed probability level. For any probability level there is basically only one such interval, which is also often called as the highest posterior density area. Unlike the usual con?dence interval related with the frequentist inference, here the intervals state the range within which parameters lie with a certain probability.
What is statistical inference? Statistical inference can be defined as the method of drawing conclusions from data which are subject to random variations. This is based o
The contingency tables in which the row and column both the categories follow a natural order. An instance for this might be, drug toxicity ranging from mild to severe, against the
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
The Null Hypothesis - H0: Model does not fit the data i.e. all slopes are equal to zero β 1 =β 2 =...=β k = 0 The Alternative Hypothesis - H1: Model does fit the data i.e. at
Genetic algorithms: The optimization events motivated by the biological analogies. The prime idea is to try to mimic the 'survival of the fittest' rule of the genetic mutation in
Q1: The growth in bad debt expense for Aptara Pvt. Ltd. Company over the last 20 years is as follows. 1997 0.11 1998 0.09 1999 0.08 2000 0.08 2001 0.1 2002 0.11 2003 0.12 2004 0.1
The scatter plots of SRES1, RESI1 versus totexp demonstrates that there is non-linear relationship that exists as most of the points are below and above zero. The scatter plots sho
A value related with the square matrix which represents sums and products of its elements. For instance, if the matrix is then the determinant of A (conventionally written as
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
Prevalence : The measure of the number of people in a population who have a certain disease at a given point in time. It c an be measured by two methods, as point prevalence and p
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