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What are disadvantages of time series analysis?
The main disadvantage is the relative lack in the statistical and econometric communities of information, knowledge and software regarding certain models.
What is the significance of the number 107?
107 is the smallest positive integer that needs six syllables. Other than that there is no particular significance except maybe to individuals if something unusually happened regarding 107.
What is the role of statistical analysis in simulation?
Statistical analysis is essential to identifying the critical factors in simulation. Performing the analysis of variance is to ensure the proper selection of significant factors. With this, understanding and judgment become more effective in making appropriate decisions regarding the product and process designs. The purpose of statistical analysis is to determine the normal (probable) behavior of a simulation and distinguish it from abnormal (improbable) behavior of a system. In other words, we want to distinguish what happens commonly from what merely happens by chance. For example, if our simulation models traffic and a truck flips over on the freeway, a statistical analysis would determine whether such an accident happens often or if this was simply an unlucky day for the driver and the accident happened by chance.
What is the synonym for about?
Related to. Regarding thesaurous: concerning, regarding, in relation to, on the subject of, on, with reference to, as regards, a propos, approximately, around, more or less, all but
What is true regarding a sample?
A sample is a part of a population
