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Method of moments is the procedure for estimating the parameters in a model by equating sample moments to the population values. A famous early instance of the use of the procedure is in Karl Pearson's description of estimating five parameters in the finite mixture distribution with two univariate normal components. Little taken in use in modern statistics since the estimates are known to be less efficient than those given by the alternative procedures such as the maximum likelihood estimation.
Centile reference charts : Charts which are used inmedicine to observe the clinical measurements on individual patients in the context of the population values. If the population i
an oil company is considering whether or not to bid for an offshore drilling contract. The bid would cost $60 with a 65% chance of gaining the contract. Outcome success Probability
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
Outliers - Reasons for Screening Data Outliers are due to data entry errors, subject is not a member of the population that the sample is trying to represent, or the subject i
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It is the diagram used to display the values graphically in a frequency distribution. The frequencies are graphed as an ordinate against the class mid-points as abscissae. The p
Window variables are the variables measured during the constrained interval of an observation period which is accepted as the proxies for the information over the whole period. Fo
Behrens Fisher problem : The difficulty of testing for the equality of the means of the two normal distributions which do not have the equal variance. Various test statistics have
The probability distribution which is a linear function of the number of component probability distributions. This type of distributions is used to model the populations thought to
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