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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% confidence interval, for instance, implies that were the estimation process which was repeated again and again, then 95% of the calculated intervals would be expected to include the true parameter value. Note that the stated probability level refers to the properties of the interval and not to the parameter itself which is not considered to be the random variable.
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Recursive models are the statistical models in which the causality flows in one direction, that is models which include only unidirectional effects. Such type of models do not inc
Software which started out as the spreadsheet targeting at manipulating the tables of number for financial analysis, which has now developed into a more flexible package for workin
Path analysis is a device for evaluating the interrelationships among the variables by analyzing their correlational structure. The relationships between the variables are man
The GRE has a combined verbal and quantitative mean of 1000 and a standard deviation of 200.
The term used when the aggregated data (for instance, aggregated over different areas) are analysed and the results supposed to apply to the relationships at the individual level.
how to calculate the semi average method when 8 observations are given?
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 in
Median absolute deviation (MAD) : It is the very robust estimator of the scale given by the following equation or, in other words we can say that, the median of the absolute
The graphic representation of the alternatives in a decision making problem which summarizes all the possibilities foreseen by the decision maker. For instance, suppose we are give
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