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Biplots: It is the multivariate analogue of the scatter plots, which estimates the multivariate distribution of the sample in a few dimensions, typically two and superimpose on these display representations of the variables on which the samples are measured and observed. The relationships amongst the individual sample points can be simply seen and they can also be related to the values of the measurements, thus making such plots useful for giving the graphical explanation of the data, for detecting patterns, and for giving the results found by more formal methods or techniques of analysis. Figure 16 shows the two-dimensional biplot of a set of multivariate data with 34 observations and 10 variables. Also see principal components analysis and corre- spondence analysis.
Chance events : According to the Cicero these are events which occurred or will occur in ways which are the uncertain-events which may happen, may not happen, or may happen in some
Advantages and disadvantages of Integrated Economic Statistics
Response surface methodology (RSM): The collection of the statistical and mathematical methods useful for improving, developing, and optimizing processes with significant applicat
Occam's razor is an early statement of the parsimony principle, which was given by William of Occam (1280-1349) namely 'entia non sunt multiplicanda praeter necessitatem'; which m
Johnson''s Job Sequencing for n jobs and 2 machines
Probit analysis is the technique most commonly employed in the bioassay, specifically toxicological experiments where the group of animals is subjected to known levels of a toxin
It is the technique used in the clinical trials when it is possible to make an acceptable place before an active treatment but not to make the two active treatments identical. In t
Causality: The relating of the reasons to the effects they produce. Several investigations in medicine seek to establish the causal relations between the events, for instance, whi
The graphic representation of the alternatives in a decision making problem which summarizes all the possibilities foreseen by the decision maker. For instance, suppose we are give
The method of summarizing the large amounts of data by forming the frequency distributions, scatter diagrams, histograms, etc., and calculating statistics like means variances and
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