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Chi-squared distribution: It is the probability distribution, f (x), of the random variable de?ned as the sum of squares of the number (v) of independent standard normal variables and given as follows
The shape parameter, v, is generally known as the degrees of freedom of the distribution. This distribution occurs in number of areas of the statistics, for instance, assessing the goodness-of-?t of models, specifically those ?tted to contingency tables. The mean of distribution is v and its variance is 2v.
Lagging indicators: The part of a collection of the economic time series designed to give information about the broad swings in measures of the aggregate economic activity known a
Computer-intensive methods : The statistical methods which require almost identical computations on the data repeated number of times. The term computer intensive is, certainly, a
Relative risk is the measure of the association between the exposure to a particular factor and the risk or probability of a convinced outcome, calculated as follows therefor
A manufacturing company has two factories F 1 and F 2 producing a certain commodity that is required at three retail outlets M 1 , M 2 and M 3 . Once produced, the commodity is
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Completeness : A term applied to a statistic t when there is only one function of that the statistic which can have the given expected value. If, for instance, the one function of
elements , importance, limitation, and theories
The Null Hypothesis - H0: There is no heteroscedasticity i.e. β 1 = 0 The Alternative Hypothesis - H1: There is heteroscedasticity i.e. β 1 0 Reject H0 if Q = ESS/2 >
The statistical methods for estimation and inference which are based on a function of sample observations, probability distribution of which does not rely upon a complete speci?cat
Data theory is anxious with how observations are transformed into data which can be analyzed. Data are thus viewed as the theory laden in the sense that the observations can be giv
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