Law of Statistical Regularity: Law of Inertia of Large Numbers
by This law forms the basis of the theory of probability in statistics. According to this …
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Types and Characteristics of Statistical Unit
In statistics, a unit is one member of a set of entities being studied. It …
Larganges’ methods
In mathematical optimization, the method of Lagrange multipliers is a strategy for finding the local …
Newton’s advancing differences
Interpolation is an estimation of a value within two known values in a sequence of …
Interpolation and Extrapolation
Interpolation is an estimation of a value within two known values in a sequence of …
Regression Analysis: Linear regression, Regression lines, Regression equations
Lines of Regression The Regression Line is the line that best fits the data, such that the …
Spearman’s ranking method
Rank Correlation Sometimes there doesn’t exist a marked linear relationship between two random variables but …
Karl Pearson’s coefficient of correlation
The following are the main properties of correlation. Coefficient of Correlation lies between -1 and …
Scatter diagram Method
The Scatter Diagram Method is the simplest method to study the correlation between two variables wherein the …
Measures of Correlation
The Correlation is a statistical tool used to measure the relationship between two or more variables, i.e. …