“The Knowledge Library”

Knowledge for All, without Barriers…

An Initiative by: Kausik Chakraborty.
06/02/2023 12:02 AM

“The Knowledge Library”

Knowledge for All, without Barriers……….
An Initiative by: Kausik Chakraborty.

The Knowledge Library

Quantitative Techniques

Decision Theory

Decision theory is a principle associated with decisions. Contemporary decision theory was developed in the mid of the 20th century with the support of several

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Sampling Distributions

Sampling distribution or finite-sample distribution is the probability distribution of a given statistic based on a random sample. Sampling distributions are vital in statistics because

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Central Limit Theorem

The Central Limit Theorem has great significance in inferential statistics. This theorem was evolved by Abraham de Moivre, a French-born mathematician who used the normal

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Index Numbers

Index numbers are intended to measure the degree of economic changes over time. These numbers are values stated as a percentage of a single base

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Chi Square Test

The statistical procedures are suitable only for numerical variables. The chi square distribution is a theoretical or mathematical distribution which is extensively applicable in statistical

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Inferential Statistics

What is inferential statistics? Inferential statistics is used to analyse the results and draw conclusions. Experts described inferential statistics as the mathematics and logic of

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