For a product manufactured in large quantities, tolerance limits play a fundamental role in setting limits on the process capability. Existing methodologies for setting tolerance limits in life test ...

McCullagh's (1984, Journal of the Royal Statistical Society, Series B 46, 250-256) approximation to the conditional maximum likelihood estimator in log odds ratio regression models is shown to have ...

Linear models, generalized linear models, and nonlinear models are examples of parametric regression models because we know the function that describes the relationship between the response and ...

In this module, we will introduce generalized linear models (GLMs) through the study of binomial data. In particular, we will motivate the need for GLMs; introduce the binomial regression model, ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...