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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 particular age.
Often this type of model has two components, the direct cost of disease, for instance, medical management and treatment, and the indirect cost of the disease that is the loss of economic productivity due to the person being removed from the labour force.
The phrase first spoken by one of the witches in Macbeth. Now this is used to describe the exponential rise in the number of possible locations in the multivariate space as dimensi
Quantile regression is an extension of the classical least squares from estimation of the conditional mean models to the estimation of the variety of models for many conditional q
Generalized method of moments (gmm) is the estimation method popular in econometrics which generalizes the method of the moments estimator. Essentially same as what is known as the
difference between histogram and historigram
Projection pursuit is a procedure for attaning a low-dimensional (usually two-dimensional) representation of the multivariate data, which will be particularly useful in revealing
Hamilton County judges try thousands of cases per year. In an overwhelming majority of the cases disposed, the verdict stands as rendered. However, some cases are appeale
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
Regression diagnostics is the process designed to investigate the suppositions underlying particular forms of regression examination, for instance, homogeneity of variance, norma
Biplots: It is the multivariate analogue of the scatter plots, which estimates the multivariate distribution of the sample in a few dimensions, typically two and superimpose on th
Principal components analysis is a process for analysing multivariate data which transforms original variables into the new ones which are uncorrelated and account for decreasing
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