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A radically different approach of dealing with the uncertainty than the traditional probabilistic and the statistical methods. The necessary feature of the fuzzy set is a membership function which assigns the grade of membership between 0 and 1 to each and every member of the set.
Mathematically the membership function of a fuzzy set A is a mapping from a space χ to unit interval As the memberships take their values in the unit interval, it is appealing to think of them as probabilities; though, memberships do not follow the laws of probability and it is possible to permit an object to simultaneously hold the nonzero degrees of membership in sets traditionally considered to be mutually exclusive.
The methods which are derived from the theory have been proposed as an alternatives to traditional statistical methods in areas like quality linear regression, control and forecasting, though they have not met with the universal acceptance and a number of statisticians have commented that they could not found any solution using such an approach which could not have been achieved as least as effectively using the probability and statistics.
This term sometimes used to describe the extra factor in variance of the sample mean when n sample values are drawn without the replacement from the finite population of size N. Th
Codominance : The relationship between genotype at the locus and a phenotype to which it in?uences. If an individuals with heterozygote (such as, AB) genotype is phenotypically dif
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
The particular projection which an investigator believes is most likely to give an accurate prediction of the future value of some process. Commonly used in the context of the anal
Collective risk models : The models applied to insurance portfolios which do not create direct reference to the risk characteristics of individual members of the portfolio when des
In the network shown below, the rst of the two numbers on each arc indicates the arc capacity and the second (in parentheses) of the two numbers indicates the current flow. Use t
The regression analysis is used to fit a model describing the relationship of a dependent variable with independent variable(s). Here we have fitted three regression models:
Path analysis is a device for evaluating the interrelationships among the variables by analyzing their correlational structure. The relationships between the variables are man
Histogram is the graphical representation of the set of observations in which class frequencies are represented by the regions of rectangles centred on the class interval. If the f
meaning,uses,shortcomings and drawbacks of vital statistics
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