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Post stratification adjustment: One of the most often used population weighting adjustments used in the complex surveys, in which weights for the elements in a class are multiplied by a factor so that total sum of the weights for the respondents in the class equals the population sum for the class. The technique is broadly used in household surveys to control the weighted sample totals to known population totals for particular demographic subgroups. For instance, in the US National Health Interview Survey, post stratification by sex, age, and race is employed.
Hi , Im currently taking the course Financial Econometrics of Master of Finance at RMIT. I find it really difficult to understand the course''s material and now im having the majo
Quality-adjusted survival analysis is a method for evaluating the effects of treatment on survival which allows the consideration of quality of life as well as the quantity of lif
Labour force survey : This survey carried out in the UK on the quarterly basis since the spring of year 1992. It covers 60 000 households and gives labour force and other detail
The plot of the number of cases of the disease against the time period. A large and sudden increase corresponds to an epidemic. The example of this is shown in the figure drawn bel
Wilcoxon's ranksum test is the distribution free method or technique used as an alternative to the Student's t-test for assessing whether two populations have the same location. G
Bimodal distribution : The probability distribution, or we can simply say the frequency distribution, with two modes. Figure 15 shows the example of each of them
Coefficient of concordance : The coef?cient is taken in use to assess the agreement among m raters ranking n individuals according to some of the speci?c characteristic. Which can
The generalization of the normal distribution used for the characterization of functions. It is known as a Gaussian process because it has Gaussian distributed finite dimensional m
Cause specific death rate : A death rate calculated for the people dying from the specific disease. For instance, the below given are the rates per 1000 people for three disease cl
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
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