business forcastin.., Advanced Statistics

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The process of providing the numerical value for the population parameter on the basis of information gathered from a sample. If a single ?gure is computed for the unknown paramete

Outlier, Outlier is an observation which seems to deviate markedly from th...

Outlier is an observation which seems to deviate markedly from the other members of the sample in which it happens. In the set of systolic blood pressures, {125, 128, 130, 131, 19

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An oil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The company

O''brien''s two-sample tests, O'Brien's two-sample tests are the extension...

O'Brien's two-sample tests are the extensions of the conventional tests for assessing the differences between treatment groups which take account of the possible heterogeneous nat

Doubly ordered contingency tables, The contingency tables in which the row ...

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

Categorizing continuous variables, Categorizing continuous variables : A pr...

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Comparative exposure rate, Comparative exposure rate : A measure of allianc...

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