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Business Stat Final Exam Vocab
n/a
37
Business
Undergraduate 2
05/04/2010

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Term
factor
Definition
the thing you are interested in
Term
interaction
Definition
one factor is dependent on another
Term
among-group variation
Definition
variation due to differences from group to group
Term
within-group variation
Definition
considered a random error
Term
goodness of fit
Definition
how good a line fits the data points
Term
test for independence
Definition
2 or more samples
Term
test for homogeneity
Definition
one big sample
Term
observed frequencies
Definition
the original numbers that are in the tables for chi square tests
Term
expected frequencies
Definition
the numbers that you calculate in chi square tests tables
Term
nonparametric statistics
Definition
sample in which the interpretation does not depend on the population fitting any parametrized distributions
Term
wilcoxon rank sum test
Definition
a nonparametric test where you add up all the columns of the ranked numbers in a sample
Term
regression analysis
Definition
how well a line fits the given data
Term
correlation analysis
Definition
how strongly the regression line fits the data
Term
least-squares method
Definition
determines the values of b0 and b1
Term
y
Definition
dependent variable for the observation
Term
b0
Definition
y intercept
Term
b1
Definition
slope for the population
Term
x
Definition
independent variable for the observation
Term
standard error of the estimate
Definition
the standard deviation around the prediction line
Term
coefficient of correlation
Definition
used to determine if there is statistical significance between x and y
Term
coefficient of determination
Definition
measure the proportion of variation in Y that is explained by the independent variable X
Term
multiple regression
Definition
using 2 or more independent variables to predict the value of a dependent variable
Term
dummy variable
Definition
allows you to include categorical independent variables as part of the regression model
Term
net regression coefficient
Definition
estimates the mean change in Y per unit change in a particular X holding constant the effect of the other X variables
Term
index number
Definition
measure the value of an item at a particular point in time
Term
simple price index number
Definition
tracks the price of one thing
Term
aggregate price index
Definition
tracks the price for a group of things
Term
laspeyres price index
Definition
uses the consumption of quantities associated with the base year in the calculation of all price indexes in the series
Term
consumer price index
Definition
a measure estimating the average price of consumer goods and services purchased by households
Term
producer price index
Definition
measures average changes in prices received by domestic producers for their output
Term
seasonal index
Definition
an index for separate sections, like months
Term
multiplicative model
Definition
Term
additive model
Definition
Term
t
Definition
trend
Term
s
Definition
seasonal
Term
c
Definition
cyclical component
Term
i
Definition
irregular component
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