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1. The two-way ANOVA, non-orthogonal case, has been a vexing problem for ANOVA researchers for many years. Please answer the following questions concerning the two-way non-orthogonal ANOVA.
a. Explain the meaning of the word non-orthogonal.
b. What condition(s) must exist for non-orthogonality to occur? Be specific.
c. Why is the non-orthogonal ANOVA more difficult than the orthogonal ANOVA?
d. What is a Type I effect for the main effects of A and B in terms of model comparisons?
e. What is a Type II effect for the main effects of A and B in terms of model comparisons?
f. What is a Type III effect for the mains effects of A and B in terms of model comparisons?
g. What assumption is made for a Type II effect or Type II means to be legitimate?
h. What assumption is made for a Type I effect or a Type I mean to be legitimate?
i. What is the equivalent problem in regression?
Q. What is Benefits transfer? The process of transferring benefit estimates from past valuation studies to the present study, in order to reduce appraisal costs. The validity
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Discount Rate The term discount rate relates to business valuations. It is the rate applied to a future torrent of making an income or cash flow to measure its represen
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