Category: Learning modules

By Prateek Sharma & Priya Chetty on May 4, 2018 2 Comments

Instrumental variable is a third variable that estimates causal relationships in the regression analysis when an endogenous variable is present. Instrumental variables are useful when the independent variable in the regression model correlates with the error term in the model.

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By Priya Chetty on April 29, 2018 6 Comments

After performing Autoregressive Integrated Moving Average (ARIMA) modelling in the previous article: ARIMA modeling for time series analysis in STATA, the time series GDP can be modelled through ARIMA (9, 2, 1) .

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By Yashika Kapoor & Priya Chetty on April 29, 2018 No Comments

An effect size is the magnitude or size of an effect resulting from a clinical treatment. Thus, in Comprehensive Meta Analysis (CMA), it assumes the reference of “treatment effect”.

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By Prateek Sharma & Priya Chetty on April 3, 2018 1 Comment

In statistics, to increase the prediction accuracy and interpret-ability of the model, LASSO (Least Absolute Shrinkage and Selection Operator) is extremely popular. It is a regression procedure that involves selection and regularisation and was developed in 1989. Lasso regression is an extension of linear regression that uses shrinkage. The lasso imposes a constraint on the sum of the absolute values of the model parameters. Here the sum has a specific constant as an upper bound.

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By Soumya Srivastava on March 20, 2018 4 Comments

Structural equation model is a statistical modeling technique. Structural equation model (SEM) tests estimate or establish relationships between variables. It is a multivariate statistical data analysis technique. SEM analyzes the structural relationships or to establish causal relationships between variables.

 
By Divya Dhuria & Priya Chetty on March 20, 2018 8 Comments

This article explains how to test ARIMA models and identifies the appropriate one for the process of forecasting time series GDP.

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By Prateek Sharma & Priya Chetty on March 9, 2018 1 Comment

Missing data is one of the most common problems in almost all statistical analyses. If the data is not available for all the observations of variables in the model, then it is a case of ‘missing data’.

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By Prateek Sharma & Priya Chetty on February 27, 2018 2 Comments

Markov chain is one of the most important tests in order to deal with independent trials processes. There are two major principal theorems for these processes. The first one is the ‘Law of Large Numbers’ and the second one is the ‘Central Limit Theorem’.

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