A brief overview and complete understanding of statistical adjustment in economics.
Stationary normally distributed stochastic process.
The harmonic mean of a set of numbers, commonly used in various economic and statistical analyses.
Understanding index numbers as indicators showing the relative size of variables based on a chosen base value, typically representing averages or aggregates across sectors.
An examination of 'range' as an economic term including its background, historical context, and major frameworks.
The gradient, or the vector of partial derivatives, of the log-likelihood function with respect to the parameters of the distribution.
Understanding the concept of the bias of an estimator in economics and statistics
A flexible tool for numerical data analysis without a specific functional form.
Detailed exploration of R-squared, also known as the coefficient of determination
A comprehensive overview of the two-tailed test in the context of statistical hypothesis testing.
A line on a scatter diagram representing the optimal relationship between two variables.
A detailed examination of the concept of 'decile' in economic terms, including definitions, frameworks, and related analytical perspectives.
A detailed overview of the logistic distribution in economics and statistics.
Combining results from multiple studies addressing similar research hypotheses to produce an overall conclusion.
A detailed examination of the partial autocorrelation function (PACF), explaining its meaning and significance in time series analysis.
An overview of weak convergence in the context of economics and statistics.
A distribution used to approximate the true finite sample distribution of a random variable.
An estimator that converges in probability to the true value of the estimated parameter.
A comprehensive overview of the Generalized Least Squares (GLS) estimator, its historical context, major analytical frameworks, and related terms.
The geometric mean is a measure of central tendency calculated as the nth root of the product of n numbers.
A graphical representation of frequencies or proportions of observations falling within specified categories or bins.
A measure of statistical dispersion of a variable, representing the range between the first and third quartiles.
A detailed exploration of symmetrical distribution in economics and statistics.
An In-depth Exploration of Almost Sure Convergence in the Field of Economics
A metric evaluating the correlation between a variable and its lagged values in time series analysis.
Covariance between a random variable and its lagged values in time series analysis
A sequence of autocovariances of a covariance stationary time series process as a function of the lag length.
A foundational relationship in probability theory that connects conditional probabilities with marginal probabilities.
An approach to hypothesis testing that assesses which of two hypotheses, the null (H0) or the alternative (H1), is more likely to be correct, considering prior knowledge.
Definition and meaning of the Best Linear Unbiased Estimator (BLUE) in statistics and econometrics.
Definition and Meaning of Bimodal Distribution in Economics
A computer-intensive technique of re-sampling the data to obtain the sampling distribution of a statistic
Definition and meaning of censored sample in economics.
Understanding Central Limit Theorems in Economics and Statistics
The UK government department responsible for publishing major UK statistical sources until its merger in 1996.
The proportion of sample variation in the dependent variable explained by the regression in a linear model.
Understanding the coefficient of variation as a measure that expresses the standard deviation of a set of data as a percentage of its mean.
A comprehensive overview of the concept of conditional distribution in the context of economics, including definitions, major analytical frameworks, and case studies.
Understanding Confidence Intervals in Economics
Understanding the concept of contemporaneous correlation and its significance in economics.
An economic term explaining the concept of continuous distribution
A detailed examination of the concept of convergence in distribution within economics and probability theory
An overview of the concept of convergence in probability within the field of econometrics and statistics.
A comprehensive overview of the correlation coefficient as an economic term including its definition and applications.
An exploration of the concept of covariance in economic data.
An exploration of the concept of covariance in economic data.
Detailed analysis and definition of the covariance matrix in economics and statistics
A comprehensive look at the definition, significance, and analytical frameworks associated with the covariance matrix in economics.
Understanding the concept of covariance stationary process in time-series analysis, including its definition, historical development, and analytical frameworks in economics.
A key term in statistical hypothesis testing representing the value at which the null hypothesis is rejected at a given significance level.
Definition and exploration of cross-section data in economics
The concept of cumulative distribution function (CDF) in probability and its key properties.
Elimination of small-scale variation, or noise, from data to reveal important patterns.
Definition and analysis of the concept of degrees of freedom in economics and statistics
An overview and analysis of discrete distributions in the context of discrete random variables
Understanding the definition and implications of a discrete random variable in economics.
A detailed description and analysis of the economic term 'discrete variable'.
Definition and meaning of dummy variable in economics, including its significance and application in various economic analyses.
A statistical test for detecting the presence of first-order serial correlation in the error terms of a linear regression model.
A comprehensive overview of economic indicators, including definitions, analysis, and relevance in economic studies.
An in-depth entry on the concept of efficient estimator in the field of statistics and econometrics.
The bias of an estimator caused by measurement errors in the data.
A rule for using observed sample data to calculate the unobserved value of a population parameter.
Expected value is the probability-weighted average outcome of a random variable.
An overview of the exponential distribution, a special case of the gamma distribution, used in various statistical applications.
Definition and Meaning of FGLS in Econometrics
A distribution of a statistic across all possible samples of the same size drawn from the same population according to the same sampling procedure.
A comprehensive examination of frequency tables used for summarizing data.
A continuous distribution with a density function often used in statistics and applied sciences.
A comprehensive overview of the Gauss–Markov Theorem, emphasizing its statistical and econometric significance.
An in-depth overview of the General Lifestyle Survey (GLF), its history, components, and significance in UK socio-economic data collection.
An in-depth exploration of the General Linear Model (GLM) in economics and statistics.
A detailed examination of the geometric distribution in the field of economics and probability
A statistical measure of income or wealth distribution inequality.
Measures of adequacy of the estimated regression model, such as the coefficient of determination and the information criterion.
The proportional or percentage rate of increase of any economic variable over a unit period, often applied to yearly intervals.
A dictionary entry exploring the concept and applications of the harmonic mean in economics, including comparisons with arithmetic and geometric means.
An observation in a data set that lies within the interior of a distribution but is in error
Inserting missing data in a sample, usually by calculating the prediction based on the available data.
Understanding Joint Probability Distribution in the Context of Multiple Random Variables
A measure of the 'humpedness' of a probability distribution compared to a normal distribution.
A statistical theorem stating that as the number of trials increases, the sample average will converge to the expected mean.
A method of estimation in econometric models minimizing the sum of squared differences.
A comprehensive overview of the likelihood function in economics and statistics, detailing its interpretation, application, and significance.
A dependent variable that takes values only from a restricted set.
Definition and meaning of the location-scale family of distributions, exploring its foundational concepts and applications in various economic frameworks.
A specialized probability distribution of a random variable such that its logarithm is normally distributed, typically resulting from multiplicative effects.
A statistical model used for predicting the probability of a binary outcome.
A statistical model used for predicting the probability of a binary outcome.
A derogatory term for the practice of altering statistical data to fit certain narratives or remove discrepancies.
Exploring the concept of mean and its various forms in economics
Understanding the principle of mean reversion in economics and its applications.
The median of the distribution of a random variable and its significance in statistical analysis.
An estimator of the unknown parameters of a distribution obtained by solving equations equating moments of distribution to their sample counterparts.
Moment Generating Function (mgf) is utilized to calculate moments of the distribution of a random variable X.
