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Cartogram or Mapograph:
Statistical maps are also used to represent data like density of population indifferent states in the country or different countries in the world or the distribution of rainfall etc. They are usually used to depict the quantitative facts on regional or geographical basis. Cartograms are simple and elementary forms of visual presentation and are very easy to understand. While highlighting the regional or geographical comparisons, comparisons, mapographs or cartograms are generally used.
Rank Correlation Sometimes the characteristics whose possible correlation is being investigated, cannot be measured but individuals can only be ranked on the basis of the chara
Meaning and Definitions of Business Forecasting The problem of business forecasting refers to the analysis of the past and present economic conditions. With the objectiv
Your company operates a machine shop, and, having heard you had experience in statistics and design of experiments, consulted you for your opinion on an experiment they want to run
#regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual
objective of the testing stochastic regression
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Theories of Business forecasting
The interest rate on the three year loan is 0.087. Whereas the interest rate on the two year loan is 0.085 as given in A. Suppose that the liquidity premium at t=1 is 0.002 and tha
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Construct your initial multivariate model by selecting a dependent variable Y and two independent variables X. Clearly define what each variable represents and how this relates t
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