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Graphical deception : Statistical graphics which are not as honest as they should be. It is relatively simple.
To mislead the unwary with the graphical material. For instance, consider the plot of the death rate per million from the breast cancer, for number of periods over the last three decades, given in the
Figure drawn below. The rate appears to show the rather alarming increase. Though, when the data are replotted with vertical scale starting from zero, as shown in the Figure drawn below, the increase in the breast cancer death rate is altogether less startling. This instance illustrates that undue exaggeration or the compression of the scales is best avoided while drawing graphs. For one more example of a common graphical distortion see lie factor.
Personal probabilities : A radically special approach for allocating probabilities to events than, for instance, the commonly used long-term relative frequency approach. In this ty
An investor with a stock portfolio sued his broker, claiming that a lack of diversification in his portfolio had led to poor performance. The data, shown below, are the rates of re
Bayes factor : A summary of evidence for the modelM1 against the another modelM0 provided by the set of data D, which can be used in the model selection. Given by the ratio of post
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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
Lattice distribution : A class of probability distributions to which most of the distributions for discrete random variables used in statistics belongs. In such type of distributio
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Duck Lovers Unlimited (DLU) Inc. assembles specially configured light jet aircrafts for airborne duck hunting. The quarterly demand forecasts for the upcoming fiscal year are:
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MAREG is the software package for the analysis of the marginal regression models. The package permits the application of generalized estimating equations and the maximum likelihoo
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