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Time series: The values of a variable recorded, generally at a regular interval, over the long period of time.
The observed movement and fluctuations of several such series are composed of four diverse components, seasonal variation, secular trend, cyclical variation, and the irregular variation. An instance from medicine is the incidence of the disease recorded yearly over several decades. Such type of data usually needs special methods for their analysis because of presence of the serial correlation between separate observations. Most often time series are analyzed by the linear models such the classic family of the autoregressive moving average models.
But there are number of observable phenomena which cannot be accounted for adequately by the linear models and which give rise to the nonlinear time series, for which special models have been developed, for instance, autoregressive conditional heteroscedastic models.
Models which make use of the smoothing techniques such as locally weighted regression to identify and represent the possible non-linear relationships between the explanatory and th
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
A procedure whereby the collection of multiple sample units are combined in their entirety or in part, to form the new sample. One or more succeeding measurements are taken on the
Conjoint analysis : The method used basically in market research which is similar in many respects to the various dimensional scaling. The method attempts to assign values to the l
Advantages and disadvantages of Integrated Economic Statistics
Hi , Im currently taking the course Financial Econometrics of Master of Finance at RMIT. I find it really difficult to understand the course''s material and now im having the majo
Balanced incomplete block design : A design in which all the treatments are not used in all blocks. Such designs have the below stated properties: * each block comprises the
Particlefilters is a simulation method for tracking moving target distributions and for reducing computational burden of the dynamic Bayesian analysis. The method uses a Markov ch
The approach to statistics based on a frequency view of probability in which it is supposed that it is possible to consider an in?nite sequence of the independent repetitions of th
Morbidity is the term used in the epidemiological studies to describe sickness in the human populations. The WHO Expert Committee on the Health Statistics noted in its sixth repor
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