Statistical approximations | Informal estimation
The three-point estimation technique is used in management and information systems applications for the construction of an approximate probability distribution representing the outcome of future events, based on very limited information. While the distribution used for the approximation might be a normal distribution, this is not always so. For example, a triangular distribution might be used, depending on the application. In three-point estimation, three figures are produced initially for every distribution that is required, based on prior experience or best-guesses: * a = the best-case estimate * m = the most likely estimate * b = the worst-case estimate These are then combined to yield either a full probability distribution, for later combination with distributions obtained similarly for other variables, or summary descriptors of the distribution, such as the mean, standard deviation or percentage points of the distribution. The accuracy attributed to the results derived can be no better than the accuracy inherent in the three initial points, and there are clear dangers in using an assumed form for an underlying distribution that itself has little basis. (Wikipedia).
Collinearity and Distance: Determining if Three Points are Collinear, Example 1
Thanks to all of you who support me on Patreon. You da real mvps! $1 per month helps!! :) https://www.patreon.com/patrickjmt !! Collinearity and Distance: Determining if Three Points are Collinear, Example 1
From playlist All Videos - Part 6
Example: Identify Decimals on the Number Line
This video provides examples of determine a decimal value plotted on the number line. Complete video list: http://www.mathispower4u.com
From playlist Introduction to Decimals
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This video explains how to round decimals to a given place value. http://mathispower4u.com
From playlist Number Sense - Decimals, Percents, and Ratios
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From playlist All about decimals
How Far Should the NBA 3-Point Line Actually Be?
In this video I walk through my analysis about where the NBA 3-point line should be to maximize fairness in the game. This is based on the work of Kirk Goldsberry in his book Sprawlball (link below). #DataScience #SportsAnalytics #DataScienceProjects #Basketball The three point shot has
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03 Placing numbers on a number line #38
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From playlist Skill 13 Attempt 2
This video provides an example of how to add three decimals. Complete Library at http://www.mathispower4u.com
From playlist Adding and Subtracting Decimals
Ex: Order Fractions and Decimals From Least to Greatest
This video provides an example of how to order fractions and decimals from least to greatest by converting everything to decimals. Complete Video Library: http://www.mathispower4u.com Search by Topic: http://www.mathispower4u.wordpress.com
From playlist Introduction to Decimals
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This video explains how to compare two decimals using place value. http://mathispower4u.com
From playlist Number Sense - Decimals, Percents, and Ratios
Special Topics - The Kalman Filter (6 of 55) A Simple Example of the Kalman Filter (Continued)
Visit http://ilectureonline.com for more math and science lectures! In this video I will use the Kalman filter to zero in the true temperature given a sample of 4 measurements. Next video in this series can be seen at: https://youtu.be/-cD7WkbAIL0
From playlist SPECIAL TOPICS 1 - THE KALMAN FILTER
Nils Strunk: The energy-critical NLS posed on compact 3-manifolds
The lecture was held within the framework of the Hausdorff Trimester Program Harmonic Analysis and Partial Differential Equations. (13 06 2014)
From playlist HIM Lectures: Trimester Program "Harmonic Analysis and Partial Differential Equations"
Simple Linear Regression (Part E)
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From playlist Data Analytics and Geostatistics
I want to help you achieve the grades you (and I) know you are capable of; these grades are the stepping stone to your future. Even if you don't want to study science or maths further, the grades you get now will open doors in the future. Get exam ready for GCSE Maths https://primrosekitt
From playlist Summer Start for A-Level Maths
Trigonometry Graphs | Revision for Maths GCSE and iGCSE
I want to help you achieve the grades you (and I) know you are capable of; these grades are the stepping stone to your future. Even if you don't want to study science or maths further, the grades you get now will open doors in the future. Get exam ready for GCSE Maths https://primrosekitt
From playlist GCSE Maths Revision | Geometry and Measures
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Level 1 Chartered Financial Analyst (CFA ®): Sampling and Estimation
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From playlist Level 1 Chartered Financial Analyst (CFA ®) Volume 1
R - Latent Growth Models Lecture
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From playlist Geometry
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