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Category: Statistics

Statistics
Statistics

Dive into well-researched and accessible articles that break down complex topics in Statistical Analysis, Perfect for anyone looking to deepen their understanding and stay updated with the latest trends and methods.
Basic statistics covers fundamental concepts including data types, measures of central tendency (mean, median, mode), measures of dispersion (range, variance, standard deviation), and data visualization techniques (histograms, bar charts, scatter plots) Time Series, Index Numbers Correlation & Regressions Interpolation etc. It includes basic probability concepts, sampling methods, and introduction to probability distributions (binomial, normal). Hypothesis testing, confidence intervals, and basic inferential statistics are introduced. Correlation and simple linear regression are covered for understanding relationships between variables. The course often includes basic statistical method usage for data analysis and visualization. These topics provide a foundation for understanding and analyzing data in various contexts.

Matrices : Meaning & Types

Statistics

Matrices are a fundamental concept in mathematics, particularly in linear algebra. Here’s a detailed explanation of their meaning and types: Definition A matrix is a rectangular array of numbers, symbols, or expressions, arranged in rows and columns. The numbers in a matrix are called its elements or entries. Hence Matrix is an arrangement of rows […]

Factor Reversibility Test : Test of Adequacy in Index Numbers

Statistics

The “Factor Reversibility Test” and the “Index Number Test of Adequacy” are both methods used in econometrics and statistics to assess the validity and reliability of certain statistical models, particularly those related to index numbers and factor analysis. Factor Reversibility Test: it can be solved by practical ways . kindly Check the link In factor […]