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## What Is The Method Of Moments

Method of Moments The Method of Moments is an inferential technique for estimating Population Parameters. These can be: the mean, variance, skewness, kurtosis and more. We call Moments to the Expected Values of a Random Variable.  We generate each moment by: ....

## Sources of Error in Statistics

Let’s say you have 50 people in your classroom and ask all of them one by one if they like chocolate or not. 40 people said yes, so 40/50 = 80% of people like chocolate, and 20% don’t. What about the whole college campus, which has a total of 20,000...

## Can You Use Statistics For Stock Price Prediction?

Inferential statistics is a powerful tool that can be used in finance to make predictions about future market trends and identify potential investment opportunities. One key technique in inferential statistics is machine learning, which uses mathematical algorithms to...

## a priori probability

What is A Priori Probability? In Statistics, there are key concepts important to know that we can use in our everyday lives so that anytime an investor is about to make a decision, he can have a better approach to the reasoning process. A priori Probability, from the...

## 5 types of non-random sampling

Non-Random sampling or non-probability sampling is a sampling technique in which the researcher selects samples based on the subjective judgment of the researcher rather than random selection.  This sampling method depends heavily on the expertise of the researchers....