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Indra Giri and Priya Chetty on November 5, 2017 3 Comments
Path analysis is a graphical representation of multiple regression models. In this analysis, the graphs represent the relationship between dependent and independent variables with the help of square and arrows.
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Indra Giri and Priya Chetty on October 30, 2017 No Comments
Survival analysis is a method under predictive modeling where the dependent variable is time. Therefore, it involves time-to-event prediction modeling. The methodology is that our outcome variable is time until the occurrence of a certain event.
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Indra Giri and Priya Chetty on October 30, 2017 1 Comment
Regression analysis is a statistical tool to study the relationship between variables. These variables are the outcome variable and one or more exposure variables. In other words, regression analysis is an equation which predicts a response from the value of a certain predictor.
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Indra Giri and Priya Chetty on October 10, 2017 2 Comments
Monte Carlo simulation is an extension of statistical analysis where simulated data is produced. This method uses repeated sampling techniques to generate simulated data.