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Differentiate between prediction, projection and forecasting.
what is the aim of statistics?
Theories of Business forecasting
How much would u charge for 4 questions
Cause and Effect Even a highly significant correlation does not necessarily mean that a cause and effect relationship exists between the two variables. Thus, correlation does
show that (N,/) IS NOT A SEMI GROUP
find the average rate of increase in population which in the first decade has increased 20%.in the second 25% and in the third 44%
Random Sampling Method In this method the units are selected in such a way that every item in the whole universe has an equal chance of being included. In the words of croxton
Andrews ‘Plots A graphical display of multivariate data in which an observation, x0 = [x1, x2, . . . , xq] is represented can be represented in the form of function A set
In PCA the eigknvalues must ultimately account for all of the variance. There is no probability,'no hypothesis, no test because strictly speaking PCA is not a statistical procedure
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