time series, Advanced Statistics

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relevancy of time series in business management

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Mcnemar''s test, McNemar's test  is the test for comparing proportions in d...

McNemar's test  is the test for comparing proportions in data involving the paired samples. The test statistic can be given by   it is most useful when the data have a symmetri

Randomized encouragement trial, Randomized encouragement trial   is the cl...

Randomized encouragement trial   is the clinical trials in which the participants are encouraged to change their behaviour in a particular manner (or not, if they are allocated to

Expected monetary value, Ask quesoil company is considering whether or not ...

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

Explain median absolute deviation (mad), Median absolute deviation (MAD) : ...

Median absolute deviation (MAD) : It is the very robust estimator of the scale given by the following equation   or, in other words we can say that, the median of the absolute

Balanced incomplete block design, Balanced incomplete block design : A desi...

Balanced incomplete block design : A design in which all the treatments are not used in all blocks. Such designs have the below stated properties: * each block comprises the

Correlated failure times, Data which occur when failure period is recorded ...

Data which occur when failure period is recorded which are dependent. Such type of data can arise in number contexts, for instance, in epidemiological cohort studies in which th

Helmert contrast, Helmert contrast is the contrast often used in analysis ...

Helmert contrast is the contrast often used in analysis of the variance, in which each level of a factor is tested against average of the remaining levels. So, for instance, if th

Explain randomized response technique, Randomized response technique : The ...

Randomized response technique : The procedure for collecting the information on sensitive issues by means of the survey, in which an element of chance is introduced as to what quer

Glejser test, Glejser test is the test for the heteroscedasticity in the e...

Glejser test is the test for the heteroscedasticity in the error terms of the regression analysis which involves regressing the absolute values of the regression residuals for the

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