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Tracking is the term sometimes used in the discussions of data from the longitudinal study, to describe the ability to predict the subsequent observations from previous values. Informally this implies that subjects who have, for instance, the largest values of the response variable at the beginning of the study tend to continue to have larger values. Formally a population is said to track with respect to the particular observable characteristic if, for each of the individual, the expected value of relevant deviation from the population mean remains unchanged over the time period.
Briefly explain the importance of forecasting for managers?
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?
Non-response is the term generally used for the failure to give the relevant information being collected in the survey. Poor response can be because of the variety of causes, for
Monty Hall problem : A apparently counter-intuitive problem in the probability which gets its name from the TV game show, 'Let's Make a Deal' hosted by the Monty Hall. On show a pa
Ask questT-TEST? ion #Minimum 100 words accepted#
4-13. Students in a management science class have just received their grades on the first test. The instructor has provided information about the first test grades in some previou
MEANING ,IMPORTANCE AND RELEAVANCE OF SCATTER DIAGRAM
Normality - Reasons for Screening Data Prior to analyzing multivariate normality, one should consider univariate normality Histogram, Normal Q-Qplot (values on x axis
Response surface methodology (RSM): The collection of the statistical and mathematical methods useful for improving, developing, and optimizing processes with significant applicat
Normal approximation : Normal distributions which approximate other distributions; such as, a normal distribution with the mean np and variance np(1 - p) which acts as an approxima
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