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The nonparametric Bayesian inference approach to using the finite mixture distributions for modelling data suspected of the containing distinct groups of observations; this approach does not need the number of mixture components to be known in before. The basic idea is that the Dirichlet procedure induces a prior distribution over the partitions of the data which can then be combined with the prior distribution over parameters and chance. The distribution over partitions can be generated incrementally using Chinese restaurant procedure.
Confidence profile method : A Bayesian approach to meta-analysis in which the information in each piece of the evidence is captured in the likelihood function which is then used al
Briefly explain the importance of forecasting for managers?
Historical controls : The group of patients treated in the past with the standard therapy, taken in use as the control group for evaluating the new treatment on the present patient
A term commonly encountered in the analysis of the contingency tables. Such type of frequencies are the estimates of the values to be expected under hypothesis of interest. In a tw
calculate the mean yearly value using the average unemployment rate by month
Coefficient of concordance : The coef?cient is taken in use to assess the agreement among m raters ranking n individuals according to some of the speci?c characteristic. Which can
Infant mortality rate is the ratio of the number of deaths during the calendar year among the infants under one year of age to the total number of live births during that particul
This term applied in the context of comparing the different methods and techniques of estimating the same parameter; the estimate with the lowest variance being regarded as the mos
Last observation carried forward is a technique for replacing the observations of the patients who drop out of the clinical trial carried out over a time period. It consists of su
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
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