MHB Parametric Statistics: Overview, Knowledge & Challenges

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Parametric statistics involves statistical techniques that assume a specific distribution for the data, typically normal distribution. A solid understanding of probability theory and statistical inference is essential for mastering parametric statistics. The difficulty level can vary based on prior knowledge and experience with statistical concepts and programming in R. When choosing between parametric statistics and stochastic processes, consider your interest in data distribution versus random processes. Overall, familiarity with R programming is crucial for effective application in parametric statistics.
evinda
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Hello! (Wave)

What is Parametric Statistics about? (Thinking)

What knowledge is required? Is it difficult? (Worried)

Would you suggest me to take Parametric Statistics or Stochastic Processes? :confused:
 
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In Parametric Statistics, the programming language R will be used..

Have you heard about it ? :confused:
 

Thread 'A variant of the Monty Hall problem'

There is a nice little variation of the problem. The host says, after you have chosen the door, that you can change your guess, but to sweeten the deal, he says you can choose the two other doors, if you wish. This proposition is a no brainer, however before you are quick enough to accept it, the host opens one of the two doors and it is empty. In this version you really want to change your pick, but at the same time ask yourself is the host impartial and does that change anything. The host...
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