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Canonical correlation analysis (CC) allows the investigation of the relationship between two ,sets of variables. For example, a sociologist may want to investigate the Relationship between two predictors of social mobility based on interviews, with actual subsequent social nlobility as measured by four different indicators. A medical researcher may want to study the relationship of various risk factors to the development of a group of symptoms. In all of these cases, the researcher is interested in the relationship betweet; ' two, sets of variables, and Canonical Correlation would be the appropriate method of analysis. . Canonical Correlation combines the dependent variables to find pairs, of new variables called canonical variables, CV, 'one for each data table having the highest . correlation. However, the CV's, even when highly correlated, do not necessarily explain a large portion of the variance of the original tables. This makes the interpretation of the CV sometimes difficult, but CC is nonetheless an important theoretical tool because most multivariate techniques can be interpreted as a special case of CC.
Root Mean Square Deviation The standard deviation is also called the ROOT MEAN SQUARE DEVIATION. This is because it is the ROOT (Step 4) of the MEAN (Step 3) o
The proportion of American Express credit-card holders who pay their credit card bill in full each month is 23%; the other 77% make only a partial or no payment. (a) In a random
Where do I Access the gss04student_corrected dataset
Simulation When decisions are to be taken under conditions of uncertainty, simulation can be used. Simulation as a quantitative method requires the setting up of a mathematical
Sampling Error It is the difference between the value of the actual population parameter and the sample statistic. Samples are used to arrive at conclusions regarding the p
the sum of mean and variance ofabinomia distribution of 5 trials is 9/5, find the binomial distribution.
Jocko's Garage has been accused of insurance fraud. Data on estimates made by Jocko and another garage were obtained for 10 damaged vehicles (available in 'jockogarage.txt'). Here
Advantages It is especially useful in case of open-end classes since only the position and not the values of items must be known. The median is also recommended if th
PROPERTIES 1. The value of standard deviation remains the same if, in a series each of the observation is increased or decreased by a constant quantity. In statistical lan
Multi stage or Cluster Random sampling Under this method, the random selection is made of primary, intermediate and final units from a given population. The area of investigat
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