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Prior distributions: The probability distributions which summarize the information about a random variable or parameter known or supposed at a given time instant, prior to attaining further information from the empirical data. It is used almost entirely within the context of Bayesian inference. In any specific study a variety of such kind of distributions might be assumed. For instance, reference priors represent the minimal prior information; clinical priors are used to formalize the opinion of well-informed specific individuals, frequently those taking part in the trial themselves. Lastly, sceptical priors are used when the large treatment differences are considered unlikely.
Zero sumgame is a game played by the number of persons in which the winner takes all stakes given by the losers so that the algebraic sum of gains at any stage is zero. Number of
methods of determining trend in time series?
replacement problem
High-dimensional data : This term used for data sets which are characterized by the very large number of variables and a much more modest number of the observations. In the 21 st
In a mathematics examination the average grade was 82 and the standard deviation was 5. all students with grade from 88 to 94 received grade of B. if the grade are approximately no
The GRE has a combined verbal and quantitative mean of 1000 and a standard deviation of 200.
Population pyramid : The diagram designed to show the comparison of the human population by sex and age at a given instant time, consisting of a pair of the histograms, one for eve
relevancy of time series in business management
Non linear mapping (NLM ) is a technique for obtaining a low-dimensional representation of the set of multivariate data, which operates by minimizing a function of the differences
Likert scales is often used in the studies of attitudes in which the raw scores are based on the graded alternative responses to each of a series of queries. For instance, the sub
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