Abstract: Assumptions play a pivotal role in the selection and efficacy of statistical models, as unmet assumptions can lead to flawed conclusions and impact decision-making. In both traditional ...

Although catastrophe theory has been applied with mixed success to many problems in the biosciences, very few of these applications have used any form of statistical modeling. We present examples of ...

The first step in conducting a regression-based study is to specify a model. In real applications, this is usually the most challenging step - deciding which variables “belong” in the model and which ...

Statistical models predict stock trends using historical data and mathematical equations. Common statistical models include regression, time series, and risk assessment tools. Effective use depends on ...

Solve Real-World Problems With Applied Statistics. Applied Statistics is the implementation of statistical methods, techniques, and theories to real-world problems and situations in several fields, ...

The hazard of pluvial flooding is largely influenced by the spatial and temporal dependence characteristics of precipitation. When extreme precipitation possesses strong spatial dependence, the risk ...