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Martingale: In the gambling context the term at first referred to a system for recouping losses by doubling the stake after each loss has occured. The modern mathematical concept can also be seen in such terms as the mathematical formalization of the concept of a 'fair' game defined as one in which the expected size of the gambler's bank after nth game given the results of all earlier games is unchanged from the size after the (n- 1)th game, that is the gambler's average gain or loss after each game, given the earlier history of the games is zero. More formally the term refers to the stochastic process, or a series of random variables S1; S2; . . ., which is such the expected value of the ðn þ 1Þth random variable conditional on values of the first n, equals to the value of the nth random variable which can be given as so that E(Sn) does not depend on the value of n.
Leaps-and-bounds algorithm is an algorithm which is used to ?nd the optimal solution in problems which might have a large number of possible solutions. Begins by dividing the poss
Chernoff's faces : A method or technique for representing the multivariate data graphically. Each observation is represented by the computer-created face, the features of which are
National lotteries : Games of chance held to heave money for particular causes. The first held in the UK took place in the year 1569 principally to raise money for repair of the Ci
The distribution over distributions in the sense that each draw from the process is itself the distribution. The name Dirichlet process or procedure is due to the fact that the ?ni
Probabilistic matching is a method developed to maximize the accuracy of the linkage decisions based on the level of agreement and disagreement among the identifiers on different
Complier average causal effect (CACE): The treatment effect amid true compliers in the clinical trial. For the suitable response variable, the CACE is given by the difference in o
Mosaic displays is the graphical display of the standardized residuals from the fitting a log-linear model to a contingency table in which the colour and outline of the mosaic's '
An approach of using the likelihood as the basis of estimation without the requirement to specify a parametric family for data. Empirical likelihood can be viewed as the example of
Monty Hall problem : A apparently counter-intuitive problem in the probability which gets its name from the TV game show, 'Let's Make a Deal' hosted by the Monty Hall. On show a pa
How do I report the results in the table?
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