business statistics, Advanced Statistics

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Variance inflation factor, VIF is the abbreviation of variance inflation fa...

VIF is the abbreviation of variance inflation factor which is a measure of the amount of multicollinearity that exists in a set of multiple regression variables. *The VIF value

Multidimensional scaling (mds), Multidimensional scaling (MDS)  is a generi...

Multidimensional scaling (MDS)  is a generic term for a class of techniques or methods which attempt to construct a low-dimensional geometrical representation of the proximity matr

Falsediscoveryrate (fdr), The approach of controlling the error rate in an ...

The approach of controlling the error rate in an exploratory analysis where number of hypotheses are tested, but where the strict control which is provided by multiple comparison p

Describe jonckheere terpstra test, Jonckheere Terpstra test  is the test fo...

Jonckheere Terpstra test  is the test for detecting particular types of departures from the independence in a contingency table in which both the row and column categories contain

Cross over design, The type of longitudinal study in which the subjects rec...

The type of longitudinal study in which the subjects receive different treatments on the various occasions. Random allocation is required to determine the order in which the treatm

General location model, The model for data containing continuous and catego...

The model for data containing continuous and categorical variables both.The categorical data are summarized by the contingency table and their marginal distribution, 182by the mult

Functional data analysis, The analysis of data which are the functions obse...

The analysis of data which are the functions observed continuously, for instance, functions of time. Basically a collection of statistical techniques or methods for answering quest

Multi dimensional unfolding, Multi dimensional unfolding is the form of mu...

Multi dimensional unfolding is the form of multidimensional scaling applicable to both the rectangular proximity matrices where the rows and columns refer to the different sets of

Inliers, Inliers is the term used for the observations most likely to be s...

Inliers is the term used for the observations most likely to be subject to error in situations where the dichotomy is developed by making a ‘cut’ on an ordered scale, and where th

Determine the optimal strategy for the breeder, Consider a decision faced b...

Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes. S

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