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In reduced rank regression (RRR), the dependent variables are first submitted to a PCA and the scores of the units are then used as dependent variables in a series of stafldard MLR's where the original independent variables are used as predictors (a procedure akin to an inverse principal component regression).
Application of the chi Square Test
A monopolist firm''s demand curve is given by P:100-2q. (a) Find its marginal revenue function.
Steps in ANOVA The three steps which constitute the analysis of variance are as follows: To determine an estimate of the population variance from the variance that exi
The following are the various types of common averages used in statistical analysis given in the form of a chart. Figure 1
Examine properties of good average with reference to AM, GM, HM, MEAN MEDIAN MODE
Simulation When decisions are to be taken under conditions of uncertainty, simulation can be used. Simulation as a quantitative method requires the setting up of a mathematical
What is a null hypothesis? ..
This probability rule determined by the research of the two mathematicians Bienayme' and Chebyshev, explains the variability of data about its mean when the distribution of the dat
Use the information given below to find the P-value. Also, use a 0.05 significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to
"index number is an economic barometer" comment on this statement
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