gvfdgfd, Advanced Statistics

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Business forcastin.., elements , importance, limitation, and theories

elements , importance, limitation, and theories

Confidence interval, Confidence interval : A range of the values, calculate...

Confidence interval : A range of the values, calculated from the sample observations which is believed, with the particular probability, to posses the true parameter value. A 95% c

Epidemic, The rapid development or growth of the disease in a community or ...

The rapid development or growth of the disease in a community or region. Statistical thinking has made very much significant contributions to the understanding of such type of phen

Last observation carried forward, Last observation carried forward is a te...

Last observation carried forward is a technique for replacing the observations of the patients who drop out of the clinical trial carried out over a time period. It consists of su

Hill-climbing algorithm, Hill-climbing algorithm is  an algorithm which is ...

Hill-climbing algorithm is  an algorithm which is made in use in those techniques of cluster analysis which seek to find the partition of n individuals into g clusters by optimizin

Multivariate data, Multivariate data is the data for which each observatio...

Multivariate data is the data for which each observation consists of the values for more than one random variable. For instance, measurements on the blood pressure, temperature an

Define hazard function, Hazard function : The risk which an individual expe...

Hazard function : The risk which an individual experiences an event in a small time interval, given that the individual has survived up to the starting of the interval. It is th

Explain time series, Time series : The values of a variable recorded, gener...

Time series : The values of a variable recorded, generally at a regular interval, over the long period of time. The observed movement and fluctuations of several such series are

Expected monetary value, Ask quesoil company is considering whether or not ...

Ask quesoil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The com

Explain prevalence, Prevalence : The measure of the number of people in a p...

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

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