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Regression analysis is based on the assumption that the dependent variable is distributed according some function of the independent variables together with independent identically distributed random errors. If the error terms were not stochastic then some of the properties of the regression analysis are not valid.

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What is statistics about?

Mathematica can be divided into two parts ; viz. Mechanics, and Statistics. Mechanics deals with the movement of a single object in a population. Statistics deals with the movement of the population as a whole. e.g. A single car may move at 30 mph. The total car population may have an average/mean speed of 20 mph.


What are importance of biostatistics in clinical research?

Statistics in clinical research is collecting and organizing numerical and clinical data obtained from the study sites and analyzing and interpreting it to verify the results of the trials and decide if it is was a success and if the drug is fit for human consumption. Using statistics helps in reasonable prediction of the effects of the drug on humans, even though the individual responses to the drug vary from person to person. Statistics plays a central role in the entire process of clinical trial from planning, conduct, interim analysis, final analysis and reporting.


What is the role of the ministry of planning?

I believe it plays the role of the hero


Is time only an Independent variable?

Time is primarily considered an independent variable in many scientific and mathematical contexts because it often serves as a basis for measuring changes in other variables. However, in certain situations, such as in non-linear dynamics or in specific models, time can also exhibit dependent characteristics, influenced by other factors. Thus, while time is predominantly treated as independent, its role can vary depending on the context of the analysis.


Importance of statistics in commerce and business field?

statistics had a great role in the business and commerce field . it also had agreat role in the field of research.

Related Questions

What is the role of the stochastic error term and 119906 and 119894 in regression analysis What is the difference between the stochastic error term and the residual and 119906 and 770 and 119894?

In regression analysis, the stochastic error term represents the unobserved factors that influence the dependent variable and account for the randomness in the data. It reflects the differences between the actual values and the predicted values generated by the model. The residual, on the other hand, is the difference between the observed values and the predicted values from the regression model for the specific sample used in the analysis. While the stochastic error term is theoretical and pertains to the entire population, the residual is empirical and pertains only to the data at hand.


What is the role of chance oversight and error in the writing of history?

Nothing


What is your role under worksite analysis with regard to conducting a hazard analysis?

Your role under Worksite Analysis with regards to conducting a Hazard Analysis is to identify hazards of the job and document those hazards.


What are role analysis techniques and how it is done?

Role analysis techniques are methods used to examine the responsibilities, tasks, and interactions associated with a particular role within an organization. This analysis involves identifying the key components of the role, understanding how it fits within the larger organizational structure, and determining the skills and competencies required to perform the role effectively. Techniques such as job shadowing, interviews, surveys, and workflow analysis can be used to gather information for role analysis.


Why does solubility play a role in a gravimetric analysis?

Solubility always has to be considered as a source of error in gravimetric analysis because what remains in solution, no matter how little, doesn't get measured (although, it can sometimes be determined indirectly). So, gravimetric results are always erroneously low due to this factor.


What if your role under worksite analysis with regards to conducting a hazard analysis?

document hazards, and identify hazards of the job.


What is role analysis?

Role analysis involves the following steps: 1. The objective of a department and functions to be identified 2. The person will be asked to state his understanding of the role 3. The other role partners to be asked to clarify the expectation from the post. 4. Then the role will be clarified to the person. The role willl be a integration of diverse viewpoints expressed by various role partners. Role analysis provides greater clarity in roles. The role incumbent knows what is supposed to do on the job, keeping the perceptions of others about his job in mind. role clarity in turn leads to improved performance in the job.


What is the role of spectrophotermeter in inks analysis?

The composition of inks is determined.


What is the role of need analysis in the design process?

Chuck Norris.


What is an example of how mathematics may be used in the collection or evaluation of data?

Mathematics plays a crucial role in statistical analysis, which is essential for data collection and evaluation. For example, when conducting a survey, researchers use mathematical sampling techniques to determine how to select a representative subset of a population. They then apply statistical methods, such as regression analysis or hypothesis testing, to interpret the collected data, draw conclusions, and make predictions. This quantitative approach ensures that findings are reliable and valid, enabling informed decision-making.


What is the role of Phosphocellulose paper in PKA analysis?

it traps the protein onto the paper


What is the role of job analysis in HRM?

the answer of this questions is to ask C,V and expernace