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Multidimensional scaling (MDS) is a generic term for a class of techniques or methods which attempt to construct a low-dimensional geometrical representation of the proximity matrix for a set of stimuli, with the goal of making any structure in the data as transparent as possible. The goal of all such techniques or method is to find a low-dimensional space in which points in the space represent stimuli, one point representing one stimulus, such that the distances between points in the space match as well as possible in some sense the original dissimilarities or the similarities. In a very common sense this simply means that the larger the observed dissimilarity value (or smaller the similarity value) amongs two stimuli, the further apart should be the points representing them in derived spatial solution. A common approach to finding the required coordinate values is to select them so as to minimize some least squares type fit criterion such as follows
The graphic representation of the alternatives in a decision making problem which summarizes all the possibilities foreseen by the decision maker. For instance, suppose we are give
Suppose that $4 million is available for investment in three projects. The probability distribution of the net present value earned from each project depends on how much is invest
distinguish the historigram and histogram
You have learned that there are 3 major central measures of any data set. Namely: mean, median, and mode. Which of the three, do the outliers affect the most?
Convex hull trimming : A procedure which can be applied to the set of bivariate data to permit robust estimation of the Pearson's product moment correlation coef?cient. The points
This is an attempt to measure the suffering caused by the illness which takes into the account both the years of the potential life lost due to the premature mortality as well as t
The variables appearing on the right-hand side of equations defining, for instance, multiple regressions or the logistic regression, and which seek to predict or 'explain' response
Non parametric maximum likelihood (NPML) is a likelihood approach which does not need the specification of the full parametric family for the data. Usually, the non parametric max
The GRE has a combined verbal and quantitative mean of 1000 and a standard deviation of 200.
The tabulation of a sample of observations in terms of numbers falling below particular values. The empirical equivalent of the growing probability distribution. An example of such
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