Predicting future outcomes, the next steps in a process, or the best choice(s) from an array of possibilities are all essential needs in many fields. The predictive model is used as a decision making tool in advertising and marketing, meteorology, economics, insurance, health care, engineering, and would probably be useful in your work too! (more…)
There are a number of simplistic methods available for tackling the problem of missing data. Unfortunately there is a very high likelihood that each of these simplistic methods introduces bias into our model results.
Multiple imputation is considered to be the superior method of working with missing data. It eliminates the bias introduced by the simplistic methods in many missing data situations.
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One of the key concepts in Survival Analysis is the Hazard Function.
But like a lot of concepts in Survival Analysis, the concept of “hazard” is similar, but not exactly the same as, its meaning in everyday English. Since it’s so important, though, let’s take a look. (more…)
Meta-analysis is the quantitative pooling of data from multiple studies. Meta-analysis done well has many strengths, including statistical power, precision in effect size estimates, and providing a summary of individual studies.
But not all meta-analyses are done well. The three threats to the validity of a meta-analytic finding are heterogeneity of study results, publication bias, and poor individual study quality.
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