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Categorical variable: A variable which provides the appropriate label of observation after the allocation to one of the several possible categories, for instance, the respiratory status can be excellent, terrible, fair, poor, good, or blood group which can be AB, A, B, or O. Respiratory status is an example of an ordered categorical variable or ordinal variable whereas blood type is an example of the unordered categorical variable.
Window variables are the variables measured during the constrained interval of an observation period which is accepted as the proxies for the information over the whole period. Fo
Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes. S
How has quantitative analysis changed the current scenario in the management world today?
Range is the difference between the largest and smallest observations in the data set. Commonly used as an easy-to-calculate measure of the dispersion in the set of observations b
A procedure whereby the collection of multiple sample units are combined in their entirety or in part, to form the new sample. One or more succeeding measurements are taken on the
Linked micro map plot is a plot which provides the graphical overview and the details for spatially indexed statistical summaries. The plot shows the spatial patterns and statisti
I need you to help me for Business Statistics class with homework quizzes. Can you help to do it?
Healthy worker effect : The occurrence whereby employed individuals tend to have lower mortality rates than those who are unemployed. The effect, which can pose the serious problem
importance of time series on the number of babies given birth
Window estimates is a term which occurs in the context of the both frequency domain and time domain estimation for the time series. In the previous it generally applies to weights
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