On November 14, 2022, the U.S. Supreme Court declined StarKist Company’s petition to review the Court of Appeals for the Ninth Circuit’s en banc opinion upholding certification of three subclasses of ...

During the course of operation, businesses accumulate all kinds of data such as numbers related to sales performance and profit, and information about clients. Companies often seek out employees with ...

Business managers and directors used to rely on their experience and instinct to make tough decisions. Increasingly, however, they want to know what the numbers say. In the era of big data, ...

What are the advantages of logistic regression over decision trees? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand ...

Have you ever found yourself staring at a spreadsheet, trying to make sense of all those numbers? Many face the challenge of transforming raw data into actionable insights, especially when it comes to ...

When you perform regression analysis in Microsoft Excel, you are engaging in a statistical process that helps you understand the relationship between variables. This technique is particularly useful ...

Students will explore common problems related to finance and healthcare and how to tackle them using statistical tools. Common techniques discussed include poisson-regression, binning, bagging (credit ...

CEO of Paul M. Wendee & Associates, LLC; Publisher of the Intrinsic Value Wealth Report Newsletter; Founder of the Value Driver Institute. In my opinion, reversion to the mean is one of the most ...

For a product manufactured in large quantities, tolerance limits play a fundamental role in setting limits on the process capability. Existing methodologies for setting tolerance limits in life test ...