Build a latent variable model for all observations

Assignment Help Advanced Statistics
Reference no: EM13706098

Question:

Recent trends show that the yield of your company's flagship product is declining. You are uncertain if the supplier of a key raw material is to blame, or if it is due to a change in your process conditions. You begin by investigating the raw material supplier.

The data available has:

• ?N = 24

• K = 6 + 1 designation of process outcome

• data set raw-material-characterization

• Description: 3 of the 6 measurements are size values for the plastic pellets, while the other 3 are the outputs from thermogravimetric analysis (TGA), differential scanning calorimetry (DSC) and thermomechanical analysis (TMA), measured in a laboratory. These 6 measurements are thought to adequately characterize the raw material. Also provided is a designation Adequate or Poor that reflects the process engineer's opinion of the yield from that lot of materials.

Import the data, and set the Outcome variable as a secondary identifier for each observation, as shown in the illustration below. The observation's primary identifier is its batch number.

1. Build a latent variable model for all observations and use auto-fit to determine the number of components. If your software does not have and auto-fit features (cross-validation), then use a Pareto plot of the eigenvalues to decide on the number of components.

2. Interpret component 1, 2 and 3 separately (using the loadings bar plot).

3. Now plot the score plot for components 1 and 2, and colour code the score plot with the Outcome variable. Interpret why observations with Poor outcome are at their locations in the score plot (use a contribution plot).

4. What would be your recommendations to your manager to get more of your batches classified as Adequate rather than Poor?

5. Now build a model only on the observations marked as Adequate in the Outcome variable.

6. Re-interpret the loadings plot for p1 and p2. Is there a substantial difference between this new loadings plot and the previous one?

887_Data set raw-material-characterization.png

Reference no: EM13706098

Questions Cloud

Discuss the growth of the nursing home industry : (a) Discuss the growth of the nursing home industry, (b) determine if the current supply of long-term care facilities will be sufficient to meet the rapidly expanding elderly population, and (c) discuss the overall quality of care in these fac..
Conduct the analysis by calculating the payback period : Conduct the analysis by calculating the Payback Period and discounted Payback Period - Calculate and graph the NPV profile for both options.
The null hypothesis for the overall significance f-test : (a) If we reject the null hypothesis for the overall significance F-test, this is evidence that all the slope coefficients are non-zero.
Same amount of labour resource but the labour resource : Assume two countries, Nation 1 and 2, both producing two products X and Y. Both countries are endowed with the same amount of labour resource but the labour resource is not identical. Both countries also adopted the same technology and hence ha..
Build a latent variable model for all observations : Build a latent variable model for all observations and use auto-fit to determine the number of components. If your software does not have and auto-fit features (cross-validation), then use a Pareto plot of the eigenvalues to decide on the number o..
Llp has provided bookkeeping services to xyz : AccountantsWeBe, LLP has provided bookkeeping services to XYZ, Inc. for the past five years. Recently XYZ's bank told XYZ that they need financial statements with "assurance". Which of the following reports would AccountantsWeBe be able to issue?
A perfectly applied simple negligence rule : How to calculate expected net profits for each level of care under a perfectly applied simple negligence rule?
Why are cigarettes and alcohol the most heavily taxed : Why are cigarettes and alcohol the most heavily taxed items in the US? Now, if the government increases the price of these items by 10%, how does this affect the stores that sell them?
Continued growth of inter modal transportation in both count : Discuss the impact (negative and positive) that regulation/deregulation has had on the growth and/or continued growth of inter modal transportation in both countries (Europe and the United States)

Reviews

Write a Review

Advanced Statistics Questions & Answers

  Question regarding business mathematics

Have you seen any graphs in a meeting at work or in a business situation that you thought were useful? Do you think graphs are useful for describing functions, or do they have the potential to cause even more confusion?

  The numbers at below represent a sample of 50 data pairs in

the numbers at below represent a sample of 50 data pairs in protein residue analysis. in this case a presence of an

  What would you guess the mean and variance

What would you guess the mean and variance

  Determining the risk and uncertainty

What do you think is the typical situation in the business world: risk or uncertainty? Can you think of situations in the business world or other real life situations where you would need to estimate probabilities?

  Qestion 1 a process is said to be out of control ifanswer

question 1 a process is said to be out of control ifanswer a point falls above the upper or below the lower control

  Quality control analysis

Determining the root causes

  Dimensions of critical thinking

Write a one-page essay in which you explore insights into your own critical thinking process gained through this exercise. "Dimensions of Critical Thinking"

  A shop is selling laptops at regular price and at half

a shop is selling laptops at regular price and at half price. if the laptops are regular price a day they can be at

  Airphone inc manufactures cellular telephones at a

q1. airphone inc. manufactures cellular telephones at a processing cost of 47 per unit.nbsp the company produces an

  What is the longest string of consecutive heads or tails

What is the longest string of consecutive heads or tails that you got in the 30 ?ips? Do you think that is unusual and does the coin ?ipping process you just completed illustrate the Law of Large Numbers? Why or why not?

  Determining number of sales using algebra

A Cold Stone Creamery ice cream shop sells sundaes for $3.60 and banana splits for $4.25. The shop sells four times as many sundaes as banana splits. If total sales amounted to $3,730 last weekend, how many banana splits were sold?

  Organizational behavior and decision making process

Decision making is a form of deductive reasoning; it is a strategic study that identifies alternatives that would be feasible for many organizations to proceed with general business practices.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd