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The term which is used in the industrial experimentation, where there is commonly a large set of candidate factors believed to have the possible significant influence on the response of interest, but where it is reasonable to suppose that a small fraction are influential only.
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
Lagging indicators: The part of a collection of the economic time series designed to give information about the broad swings in measures of the aggregate economic activity known a
Pattern recognition is a term for a technology that recognizes and analyses patterns automatically by machine and which has been used successfully in many areas of application inc
Mention the characteristics of Statistics. Explain any two applications of Statistics.
The type of longitudinal study in which the subjects receive different treatments on the various occasions. Random allocation is required to determine the order in which the treatm
The values assigned to factors for the individual sample units in a factor analysis. The most common approach is "regression method". When the factors are seen as the random variab
Ask questT-TEST? ion #Minimum 100 words accepted#
1.Sam Lucarelli, owner of Lucarelli Products, is evaluating whether to produce a new product line. After thinking through the production process and the costs of raw materials and
The skewness is a measure of asymmetry and as it is positive at 4.29, it is greater than zero which reveals that the tail extends to the right indicating the distribution to be mor
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
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