BUS405 statistical methods in business and economics
- For the following scatter plot, what would be your best estimate of the correlation coefficient?
- Elaborated with examples and supportive references as to how can index numbers be helpful in understanding time-related data?
- Discuss which statistical tests to apply for different types of data and how to interpret the results. Support your answer with suitable examples and supportive references.
- Nonparametric statistical techniques are based on fewer assumptions about the population and the parameters compared to parametric statistical techniques. Discuss this statement with suitable examples and supportive references.
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