Power Analysis is an important aspect of experimental design. It allows us to determine the sample size required to detect an effect of a given size with a given degree of confidence. There are four parameters involved in a power analysis. The research must ‘know’ 3 and solve for the 4th. 1. Alpha: Probability of …

## What is Paired t-Test?

Paired t-Test has its purpose in the testing is to determine whether there is statistical evidence that the mean difference between paired observations on a particular outcome is significantly different from zero. The Paired-Samples t Test is a parametric test. This test is also known as Dependent t-Test. Was the above useful? Please share with …

## What is Overfitting?

Overfitting in mathematics and statistics is one of the most common tasks consisting in attempts to fit a “model” to a set of training data, so as to be able to make reliable predictions on generally untrained data. In overfitting, a statistical model describes random error or noise instead of the underlying relationship. Overfitting occurs …

## What is Out-Of-Sample Evaluation?

Out-Of-Sample Evaluation means to withhold some of the sample data from the model identification and estimation process, then use the model to make predictions for the hold-out data in order to see how accurate they are and to determine whether the statistics of their errors are similar to those that the model made within the …

## What is Outlier?

Outlier is an observation point that is distant from other observations. An outlier may be due to variability in the measurement or it may indicate an experimental error, the latter are sometimes excluded from the data set. Outliers can occur by chance in any distribution, but they often indicate either measurement error or that the …

## What is Nearest Neighbor Algorithm?

Nearest Neighbor Algorithm was one of the first algorithms used to determine a solution to the traveling salesman problem. In it, the salesman starts in a random city and repeatedly visits the nearest city until all have been visited. It quickly yields a short tour, but usually not the optimal one. The nearest neighbor algorithm …

## What is Nearest Neighbor Algorithm?

Nearest Neighbor Algorithm was one of the first algorithms used to determine a solution to the traveling salesman problem. In it, the salesman starts in a random city and repeatedly visits the nearest city until all have been visited. It quickly yields a short tour, but usually not the optimal one. The nearest neighbor algorithm …

## What is Multiple Regression?

Multiple Regression is an extension of simple linear regression. It is used when we want to predict the value of a variable based on the value of two or more other variables. The variable we want to predict is called the dependent variable (or sometimes, the outcome, target or criterion variable). The independent variables can …

## What is Multinomial Logistic Regression?

Multinomial Logistic Regression is the linear regression analysis to conduct when the dependent variable is nominal with more than two levels. Thus it is an extension of logistic regression, which analyzes dichotomous (binary) dependents. Since the output of the analysis is somewhat different to the logistic regression’s output, multinomial regression is sometimes used instead. Like …

## What is Multinomial Logistic Regression?

Multinomial Logistic Regression is the linear regression analysis to conduct when the dependent variable is nominal with more than two levels. Thus it is an extension of logistic regression, which analyzes dichotomous (binary) dependents. Since the output of the analysis is somewhat different to the logistic regression’s output, multinomial regression is sometimes used instead. Like …