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In this article, we will discuss the various Properties of Arithmetic Mean – Measures of Central Tendency | Statistics Properties of Arithmetic Mean – Measures of Central Tendency | Statistics 1) It is rigidly defined. 2) It is based on all the observations. 3) It is easy to comprehend. 4) It is simple to calculate. […]
In this article, we will discuss the concepts of Average or Arithmetic Mean and their Meaning, Objectives, Uses, Functions, Applications, Merits & Demerits – Measures of Central Tendency Meaning of Arithmetic Mean – Measures of Central Tendency Meaning of Averages, also known as the arithmetic mean, is a measure of central tendency that represents the […]
Difference between Questionnaire and Schedule – A questionnaire is a research instrument used by any researcher as a tool to collect data or gather information from any source or subject of his or her interest from the respondents. A schedule is a formalized arrangement of inquiries, proclamations, statements, and spaces for replies given to the enumerators […]
Calculation of Median | How to Calculate Median in Individual, Discrete & Continuous series – Measures of Central Tendency for Grouped and Ungrouped Data. The median is a measure of central tendency that represents the middle value of a dataset. It is calculated by arranging the data in order of magnitude and then selecting the […]
In this article we will provide an overview of time series analysis, including its meaning, definitions, nature, scope, importance, objectives, components, and models. Meaning of Time Series Analysis Meaning of Time Series Analysis : Time series analysis is a statistical method used to analyze data that is collected over time, where the order of the […]
Time Series Analysis: Introduction, Objectives, models of time series, Components & Methods of Time Series Analysis: Secular, Trend Cyclical, Seasonal, and irregular variations. Time series analysis: In the context of economic and business research, we may often obtain data relating to some time period concerning a given phenomenon. Such data is labeled as ‘Time Series’. […]
Today in this articles we are discussing the Difference Between Correlation and Regression. Correlation Vs. Regression Difference Between Correlation and Regression (Correlation Vs. Regression) Correlation vs. Regression The comparison between correlation and regression can be studied through a tabular format as given below: Basis of Difference Correlation Regression Meaning Correlation refers to a statistical measure […]
In this article we will discuss about regression Analysis Meaning, Nature, Scope, Importance, Types, Methods, Regression Coefficients, Regression Lines & Equations, Regression Equation & Properties of Regression Coefficients. Meaning, Definition and Nature of Regression Analysis Meaning of Regression Analysis Meaning of regression analysis – A study of measuring the relationship between associated variables, wherein one […]
In this article, we will discuss the meaning, concepts, definitions, needs, significance, importance, properties, types, and methods of correlation coefficients. types and methods of correlation – Scatter Diagram Karl Pearson’s co-efficient of correlation, Spearman’s Rank co-efficient Correlation Meaning, concept, definitions, needs, significance, importance, properties, types and methods of correlation Meaning of Correlation: The following is […]
In this article we are going to explain about the Hypothesis Testing – Parametric & Non-Parametric (t-test, z-test, Anova) | How to choose or decide which statistical tool is best to use. Many of research scholars and academicians remains in doubtful situation when selecting the statistical tool that which is the best statistical tool to […]
Arithmetic mean, also known as the average, is a widely used measure of central tendency that reflects the typical value of a data set. It is calculated by adding up all the values in the dataset and then dividing the sum by the total number of values. The calculation of arithmetic mean can differ depending […]
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