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Nearest-neighbour methods are the methods of discriminant analysis are based on studying the training set subjects much similar to the subject to be classified. Classification might then be determined according to a simple majority verdict among those much similar or 'nearest' training set subjects, that is a subject would be assigned to the group to which the majority of the 'neighbours' belonged. Simple nearest neighbour techniques just consider the most similar neighbour. More common methods consider the k nearby neighbours, where k>1.
3. a. A researcher in Hong Kong computes the correlation between the percentage of employee turnover and the local unemployment rate (also expressed as a percentage) over a 20-mont
Reasons for screening data Garbage in-garbage out Missing data a. Amount of missing data is less crucial than the pattern of it. If randomly
Blinder Oaxaca method: A method or technique used for assessing the effect of the role of income on racial wealth gap. The method or technique is based on the decomposition of the
Censored observations : An observation xi on some variable of interest is consired to be censored if it is known that xi Li (left-censored)or xi Ui (right-censored) where Li and Ui
Particlefilters is a simulation method for tracking moving target distributions and for reducing computational burden of the dynamic Bayesian analysis. The method uses a Markov ch
#how to analyse data
Ask quesoil 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 com
Independent component analysis (ICA) is the technique for analyzing the complex measured quantities thought to be mixtures of other more fundamental quantities, into their fundamen
Kleiner Hartigan trees is a technique for displaying the multivariate data graphically as the 'trees' in which the values of the variables are coded into length of the terminal br
You and your team have been hired as strategic consultants by the hugely successful retailer known as “Cutie Pie”. The company sells many products, although one product in particul
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