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Median absolute deviation (MAD): It is the very robust estimator of the scale given by the following equation
or, in other words we can say that, the median of the absolute deviations from the median of data. In order to use MAD as the consistent estimator of the standard deviation it is multiplied by a scale factor which depends on the distribution of the data. For normally distributed data the constant is 1.4826 and expected value of 1.4826 MAD is approximately equal to population standard deviation.
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
An oil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The company
Least significant difference test is an approach to comparing a set of means which controls the family wise error rate at some specific level, let's assume it to be α. The hypothe
After graduating from Tech Julia was unable to find regular employment and approached the Director of Athletics at Tech to request that she remain a vendor of the following year.
literature review of latin square design.
The statistical methods for estimation and inference which are based on a function of sample observations, probability distribution of which does not rely upon a complete speci?cat
Briefly explain the importance of forecasting for managers?
Gllamm is a program which estimates the generalized linear latent and mixed models by the maximum likelihood. The models which can be fitted include structural equation models mul
The probability distribution, f (x), of largest extreme can be given as The location parameter, α is the mode and β is the scale parameter. The mean, variance skewn
Blinder Oaxaca method: A method or technique used for assessing the effect of the role of income on racial wealth gap. The method or technique is based on the decomposition of the
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