mba, Advanced Statistics

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Mention the characteristics of Statistics. Explain any two applications of Statistics.

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The act of combining data from heterogeneous sources with the intent of extracting information that would not be available for any single source in isolation. An example is the com

Blinder oaxaca method, Blinder Oaxaca method: A method or technique used f...

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

Residual calculation, Regression line drawn as y= c+ 1075x ,when x was2, an...

Regression line drawn as y= c+ 1075x ,when x was2, and y was 239,given that y intercept was 11. Calculate the residual ?

Persson rootze ´n estimator, Persson Rootze ´n estimator  is an estimator f...

Persson Rootze ´n estimator  is an estimator for the parameters in the normal distribution when the sample is truncated so that all the observations under some fixed value C are re

L''abbe ´ plot, L'Abbe ´ plot is often used in the meta-analysis of the cl...

L'Abbe ´ plot is often used in the meta-analysis of the clinical trials where the result is the binary response of it. The event risk (number of events/number of the patients in a

Explain lie factor, Lie factor : A measure suggested by Tufte for judging t...

Lie factor : A measure suggested by Tufte for judging the honesty of the graphical presentation of data. Which can be calculated as follows   The values close to one are desir

Probability and random processes, how to find the PDF and CDF of a gamma ra...

how to find the PDF and CDF of a gamma random variable with given equation?

Factor rotation, Generally the final stage of an exploratory factor analysi...

Generally the final stage of an exploratory factor analysis in which factors derived initially are transformed to build their interpretation simpler. Generally the target of the pr

Find the expected value of perfect information, You may have the opportunit...

You may have the opportunity to buy some electronic components. These components may be reliable (1) or unreliable (2). The potential pro?ts are £10,000 if the components are rel

Ljung-box q-test, The Null Hypothesis - H0: There is no autocorrelation ...

The Null Hypothesis - H0: There is no autocorrelation The Alternative Hypothesis - H1: There is at least first order autocorrelation Rejection Criteria: Reject H0 if LBQ1 >

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