While Excel is useful for many applications, it is an indispensable tool for those managing statistics. Two common terms used in statistics are Standard Deviation and ...

The T-Value is a common statistical calculation with a very wide range of applications. In the business world, it can help in making educated financial predictions and projections. For example, a ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

How They Differ and Practical Uses in Finance and Investing Henry Hoenig has three decades of journalism experience as a news and economics editor in the U.S. and Asia, handling coverage of global ...

The local median regression method has long been known as a robustified alternative to methods such as local mean regression. Yet, its optimal statistical properties are largely unknown. In this paper ...

A linear programming approximation using the mean absolute deviation can be used to derive efficient E,V farm plans when a suitable quadratic programming computer code is not available. This note ...