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The scatter plot of SRES1 versus totexp demonstrates that there is non-linear relationship that exists as most of the points are below and above zero. The scatter plot show that there many vertical structural breaks clearly visible. There are many outliers that can be seen and are obvious when analyzing these scatter plot. There is no leverage or influential points that are determining the slope of the line of best fit. There is no heteroscedasticity in this scatter graph which means there is constant variance. This scatter plot is very similar to the scatter plots conducted in the original regression which included the 17 outliers that I removed.
The scatter plot of SRES1 versus income demonstrates that there is a non-linear relationship that exists as points are randomly above or below zero and there are no vertical structural breaks. There is a cluster of data points clearly visible. There are outliers that can be seen and are obvious when analyzing the scatter plot. There is no leverage or influential points that are determining the slope of the line of best fit. There is no heteroscedasticity in this scatter graphs which means there is constant variance. This scatter plot is very similar to the scatter plots conducted in the original regression which included the 17 outliers that I removed.
Bootstrap : The data-based simulation method/technique for the statistical inference which can be used to study the variability of the estimated characteristics of the probability
Reciprocal transformation is a transformation of the form y =1/x, which is specifically useful for certain types of variables. Resistances, for instance, become conductances, and
The Null Hypothesis - H0: β 1 = 0 i.e. there is homoscedasticity errors and no heteroscedasticity exists The Alternative Hypothesis - H1: β 1 ≠ 0 i.e. there is no homoscedasti
The biggest and smallest variate values among the sample of observations. Significant in various regions, for instance flood levels of the river, speed of wind and snowfall.
Paired availability design is a design which can lessen selection bias in the situations where it is not possible to use random allocation of the subjects to treatments. The desig
An investor with a stock portfolio sued his broker, claiming that a lack of diversification in his portfolio had led to poor performance. The data, shown below, are the rates of re
Prevalence : The measure of the number of people in a population who have a certain disease at a given point in time. It c an be measured by two methods, as point prevalence and p
Geographical analysis machine is the procedure designed to detect the clusters of rare diseases in a particular area. Circles of fixed radii are created at each point of the squar
Initial data analysis (IDA): The first phase in the examination of the data set which comprises number of informal steps including the following steps * checking the quality o
HOW TO OBTAIN THE LASPEYRES QUANTITY INDEX AND THE FORMULA
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