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Probability distribution: For the discrete random variable, a mathematical formula which provides the probability of each value of variable. See, for instance, binomial distribution and Poisson distribution. For the continuous random variable, a curve described by the mathematical formula which specifies, by way of area under the curve, the probability which the variable falls within the particular interval. Examples comprise the normal distribution and the exponential distribution. In both the cases the term probability density might also be used. (A distinction is sometimes made among 'density' and 'distribution', when the latter is reserved for probability that the random variable comes below some value. In this dictionary, though, the latter will be termed the cumulative probability distribution and the probability distribution and probability density both are used synonymously.
Bayesian network : It is essentially an expert system in which the uncertainty is dealt with using the conditional probabilities and Bayes' Theorem. Formally such type of network c
Multivariate data is the data for which each observation consists of the values for more than one random variable. For instance, measurements on the blood pressure, temperature an
Partial least squares is an alternative to the multiple regressions which, in spite of using the original q explanatory variables directly, constructs the new set of k regressor v
The alternative process to make use of the chi-squared statistic for assessing the independence of the two variables forming a two-by-two contingency table particularly when expect
Information theory: This is the branch of applied probability theory applicable to various communication and signal processing problems in the field of engineering and biology. In
Compound symmetry : The property possessed by the variance-covariance matrix of the set of multivariate data when its chief diagonal elements are equal to each other, and in additi
Incubation period is the time elapsing amongs the receipt of infection and the appearance of the symptoms. The length of the incubation time period depends on the disease, ranging
Principal components analysis is a process for analysing multivariate data which transforms original variables into the new ones which are uncorrelated and account for decreasing
Hanging rootogram is he diagram comparing the observed rootogram with the ?tted curve, in which dissimilarities between the two are displayed in relation to the horizontal axis,
relevancy of time series in business management
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