1.When is the median a more appropriate central tendency statistic than the mean? Provide an example. (2 points) 2.If you had to guess the category […]

    Define a simple linear regression. What is/are the difference(s) between simple linear regression and a multiple regression? Define a dependent variable. Define an independent […]

    1. Explain the notions of mathematical differences, managerially important differences, and statistical significance. Can results be statistically significant and yet lack managerial importance. Explain […]

      1. How does prescriptive analytics relate to descriptive and predictive analytics? 2. Explain the differences between static and dynamic models. How can one […]