Predictive Modeling and Analysis

Predictive modeling is a statistical technique using machine learning and data mining to predict and forecast likely future outcomes with the aid of historical and …

MS103 Quantitative Techniques

Unit 1 Descriptive Statistics {Book} Measures of Central Tendency VIEW Concept of Dispersion, Measures: Absolute and Relative measures VIEW VIEW VIEW VIEW Skewness Meaning and …

Introduction, Advantages of Linear Programming

The technique of linear programming was formulated by a Russian mathematician L.V. Kantorovich. But the present version of simplex method was developed by Geoge B. …

Standard error of estimate

The Standard Error of Estimate is the measure of variation of an observation made around the computed regression line. Simply, it is used to check the accuracy …

Quartile Deviation, Coefficient, Uses

Quartile Deviation, Coefficient, Uses

Duality Concepts, Significance

Duality Concepts, Significance

Formulation of Linear Programming

MAXIMIZATION CASE Let’s understand the maximization case with the help of a problem. Suppose a firm produces two products A and B. For producing the …

Linear Programming Problem

The Linear Programming problem is formulated to determine the optimum solution by selecting the best alternative from the set of feasible alternatives available to the …

Pitfalls and Limitations Associated With Regression and Correlation Analysis

Pitfalls and Limitations Associated With Regression and Correlation Analysis

Ordinary Least Square Method of Regression

Ordinary Least Square Method of Regression

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