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Statistical Modelling

tyeox English

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Statistical Modelling

  1. Correlation

    • Measures the degree which 2 variables are related, do not fit a line
      • Sample Correlation Coefficient: R
        • Carry out hypo testing on the SAMPLE correlation (R) to find out the POPULATION correlation (Rho)
          • R is just an estimate of Rho
        • Rho: The population correlation which measures the correlation of all possible pairs of observations from the 2 variables
  2. Regression

    • Tries to create the best fit line
    • Regression Model
      • For a particular explanatory variable, e.g.. x=5 for the age=5, the response variables follows a normal distribution
        • Conditional Mean
          • The conditional mean is just the value when x=5..
        • Conditional Standard Deviation

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Mind Map on Statistical Modelling, created by tyeox on 31/10/2014.
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tyeox
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