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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.
The procedure in which the prior distribution is required in the application of Bayesian inference, it is determined from empirical evidence, namely same data for which the posteri
Continual reassessment method: An approach which applies Bayesian inference for determining the maximum tolerated dose in a phase I trial. The method starts by assuming a logistic
The procedures used for determining how the quality of life is affected by the environment, in particular by factors such as air and solid wastes, water pollution, hazardous substa
Oracle property is a name given to techniques for estimating the regression parameters in the models fitted to high-dimensional data which have the property that they can correctl
How has quantitative analysis changed the current scenario in the management world today?
This is the theorem which states that if the error terms in a multiple regression have the same variance and are not corrected, then the estimators of the parameters in the model p
Homoscedasticity - Reasons for Screening Data Homoscedasticity is the assumption that the variability in scores for a continuous variable is roughly the same at all values of
Cause specific death rate : A death rate calculated for the people dying from the specific disease. For instance, the below given are the rates per 1000 people for three disease cl
1) Has smartphones affected the consumer behavior? If so How ? And how is it going to change in future? 2) Forecasting of Mobile market (Time series analysis) 3) Comparison of fou
One of the most exciting areas of mathematics involves the application of statistics to real-world settings to make informed decisions. In this task you will design, implement, and
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