forecasting, Advanced Statistics

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Briefly explain the importance of forecasting for managers?

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Atomistic fallacy, Atomistic fallacy : A fallacy which arises because of th...

Atomistic fallacy : A fallacy which arises because of the association between two variables at the individual level might vary from the association between the same two variables m

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Nuisance parameter : The parameter of the model in which there is no scienti?c interest but whose values are generally required (but in usual are unknown) to make inferences about

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Zero sumgame is a game played by the number of persons in which the winner takes all stakes given by the losers so that the algebraic sum of gains at any stage is zero. Number of

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Population pyramid : The diagram designed to show the comparison of the human population by sex and age at a given instant time, consisting of a pair of the histograms, one for eve

Probabilistic matching, Probabilistic matching is a method developed to ma...

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

Explain knox''s test, Knox's tests: These tests designed to detect any ten...

Knox's tests: These tests designed to detect any tendency for the patients with a particular disease to form the disease cluster in time and space. The tests are relied on a two-b

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Case series : It is the series of reports on the condition of the individual patients made by treating physician. Such reports might be helpful and informative for the rare disease

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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

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