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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 marginal distributions. A major attraction of the Gaussian processes is computational tractability. They are sometimes known as Gaussian random fields and are popular in the application of the nonparametric Bayesian models.
The graphical method for studying the behavior of the seasonal time series. In such a plot, the January values of seasonal component are graphed for the upcoming years, then the
An oil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The company
Mean-range plot is the graphical tool or device useful in selecting a transformation in the time series analysis. The range is plotted against the mean for each of the seasona
Homoscedasticity - Reasons for Screening Data Homoscedasticity is the assumption that the variability in scores for a continuous variable is roughly the same at all values of
A value related with the square matrix which represents sums and products of its elements. For instance, if the matrix is then the determinant of A (conventionally written as
Primary Model Below is a regression analysis without 17 outliers that have been removed Regression Analysis: wfood versus totexp, income, age, nk The regression equat
Mention the characteristics of Statistics. Explain any two applications of Statistics.
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
Two-phase sampling is the sampling scheme including two distinct phases, in the first of which the information about the particular variables of interest is collected on all the m
Non-identified response is a term used to signify censored observations in survival data, which are not independent of the endpoint of the interest. Such observations can happen f
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