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Graphical deception : Statistical graphics which are not as honest as they should be. It is relatively simple.
To mislead the unwary with the graphical material. For instance, consider the plot of the death rate per million from the breast cancer, for number of periods over the last three decades, given in the
Figure drawn below. The rate appears to show the rather alarming increase. Though, when the data are replotted with vertical scale starting from zero, as shown in the Figure drawn below, the increase in the breast cancer death rate is altogether less startling. This instance illustrates that undue exaggeration or the compression of the scales is best avoided while drawing graphs. For one more example of a common graphical distortion see lie factor.
Monty Hall problem : A apparently counter-intuitive problem in the probability which gets its name from the TV game show, 'Let's Make a Deal' hosted by the Monty Hall. On show a pa
Histogram is the graphical representation of the set of observations in which class frequencies are represented by the regions of rectangles centred on the class interval. If the f
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
Formal graphical representation of the "causal diagrams" or the "path diagrams" where the relationships are directed but acyclic (that is no feedback relations allowed). Plays an
Cauchy distribution : The probability distribution, f (x), can be given as follows where α is the position of the parameter (median) and the beta β a scale parameter. Moments
Remedian: The robust estimator of location which is computed by an iterative process. By assuming that the sample size n can be written as bk where b and k are the integers, the s
A name sometimes given to the type of diagram generally used in meta-analysis, in which point estimates and confidence intervals are displayed for all the studies included in the a
A study not involving the passing of time. All information is collected at the same time and subjects are contacted only once. Many surveys are of this type. The temporal sequence
Projection pursuit is a procedure for attaning a low-dimensional (usually two-dimensional) representation of the multivariate data, which will be particularly useful in revealing
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