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Introduction to Integrating Statistical Concepts-ECO6416

Introduction to Integrating Statistical Concepts-ECO6416 -...

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Introduction to Integrating Statistical Concepts Statistical thinking for decision-making requires a deeper understanding than merely memorizing each isolated technique. Understanding involves ever expansion of neural network by means of correct connectivity between concepts. The aim of this chapter is to look closely at some of the concepts and techniques that we have learned up to now in a unifying theme. The following case studies, improve your statistical thinking to see the wholeness and manifoldness of statistical
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Unformatted text preview: tools. As you will see, although one would hope that all tests give the same results this is not always the case. It all depends on how informative the data are and to what extent they have been condensed before presenting them to you for analysis (while becoming a good statistician). The following sections are illustrations in examining how much useful information they provide and how they may result in opposite conclusions, if one is not careful enough....
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