mba, Advanced Statistics

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

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Explain Grade of membership model, Grade of membership model: This is the ...

Grade of membership model: This is the general distribution free method for the clustering of the multivariate data in which only categorical variables are included. The model ass

Describe law of likelihood, Law of likelihood : Within framework of the sta...

Law of likelihood : Within framework of the statistical model, a particular set of data supports one statistical hypothesis or assumption better than another if the likelihood of t

Simplex method, Economic Interpretation of the Optimum Simplex solution

Economic Interpretation of the Optimum Simplex solution

Conjoint analysis, Conjoint analysis : The method used basically in market ...

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

Gauss markov theorem, This is the theorem which states that if the error te...

This is the theorem which states that if the error terms in a multiple regression have the same variance and are not corrected, then the estimators of the parameters in the model p

Conditional logistic regression, Conditional logistic regression : The form...

Conditional logistic regression : The form of logistic regression designed to work with the clustered data, such as data including matched pairs of the subjects, in which subject-s

Categorical variable, Categorical variable : A variable which provides the ...

Categorical variable : A variable which provides the appropriate label of observation after the allocation to one of the several possible categories, for instance, the respiratory

Describe nuisance parameter, Nuisance parameter : The parameter of the mode...

Nuisance parameter : The parameter of the model in which there is no scienti?c interest but whose values are generally required (but in usual are unknown) to make inferences about

Decision Models., An oil company thinks that there is a 60% chance that the...

An oil company thinks that there is a 60% chance that there is oil in the land they own. Before drilling they run a soil test. When there is oil in the ground, the soil test comes

TIME SERIES, moving and semi average method graphical reprsentation

moving and semi average method graphical reprsentation

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