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Lancaster models: The means of representing the joint distribution of the set of variables in terms of the marginal distributions, supposing all the interactions higher than a particular order disappear. Such models give a manner to capture the dependencies between variables without making the sometimes unrealisitic supposition of total independence on the one hand, yet having a model which does not need an unrealistic number of the observations to give precise parameter estimates.
ain why the simulated result doesn''t have to be exact as the theoretical calculation
how does it work exactly
Hazard plotting is based on the hazard function of a distribution, this procedure gives estimates of distribution parameters, the proportion of units failing by the given time per
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
facts and statistics about daycare
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
Incidental parameter problem is a problem which sometimes occurs when the number of parameters increases in the tandem with the number of observations. For instance, models for pa
It is the art of attempting to exchange something quite small and certain, for something which are large and uncertain. Gambling is big business; in the US, for instance, it is at
Case-control study : The traditional case-control study is the common research design in the epidemiology where the exposures to risk factors for cases (individuals getting the dis
1.Sam Lucarelli, owner of Lucarelli Products, is evaluating whether to produce a new product line. After thinking through the production process and the costs of raw materials and
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