mba, Advanced Statistics

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

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An approach of using the likelihood as the basis of estimation without the requirement to specify a parametric family for data. Empirical likelihood can be viewed as the example of

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Relative risk, Relative risk is the measure of the association between the...

Relative risk is the measure of the association between the exposure to a particular factor and the risk or probability of a convinced outcome, calculated as follows     therefor

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