The Clark approximation, in which the maximum of two normally distributed random variables is approximated by a third normally distributed random variable, forms the basis of a relatively inexpensive ...
Probit ("probability unit") regression is a classical machine learning technique that can be used for binary classification -- predicting an outcome that can only be one of two discrete values. For ...
Whenever I update The Capital Spectator Economic Trend Index (CS-ETI), as I did last week, someone usually asks how to interpret the data. In particular, how should we translate CS-ETI’s raw numbers ...
In this example, two preparations, a standard preparation and a test preparation, are each given at several dose levels to groups of insects. The symptoms are recorded for each insect within each ...