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Discriminant analysis (DA) helps to determine which variables discriminate between two or more naturally occurring groups. Mathematically equivalent to MANOVA, it ' is extensively used when a set of explanatory variables are used to predict the group to which a given unit belongs (which is a nominal dependent variables). It cornhines the explanatory variables in order to create the largest F when the groups are used as a fixed factor in an ANOVA.
The model is constructed with a set of observations for which the classes are known. The set of observations are sometimes referred to as the training set.
The median, as the name suggests, is the middle value of a series arranged in any of the orders of magnitude i.e. ascending or descending order. As distinct from the arithmetic
Multivariate analysis of variance (MANOVA) is a technique to assess group differences across multiple metric dependent variables simultaneously, based on a set of categorical (non-
The Maju Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes per year and the super market is open throughout the year. Each box costs $4 and it costs the store
WHAT YOU MEAN BY UTILITY OF MANAGERIALECONOMICS
applications of normal probability distribution
Universe or Population The word universe as used in statistics denotes the aggregate from which a sample is to be taken. According to Simpson and Kafka, a universe or populatio
Use the information given below to find the P-value. Also, use a 0.05 significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to
Difference between Correlation and Regression Analysis 1. Degree and Nature of Relationship: Coefficient of correlation measures the degree of covariance between two vari
A researcher was interested lowering the high school dropout level in his county. He measured the reading level of students entering middle school (based on a standard test) and th
Definition of Correlation According to prof, king correlation means that between two series or group of data there exists some casual connection prof, king has also exp
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