Proceedings of the 2010 Winter Simulation Conference B. Johansson, S. Jain, J. Montoya-Torres, J. Hugan, and E. Yücesan, eds. STATISTICAL ANALYSIS OF SIMULATION OUTPUT DATA: THE PRACTICAL STATE OF THE ART Averill M. Law Averill M. Law & Associates 4729 East Sunrise Drive, #462 Tucson, AZ 85718, USA ABSTRACT One of the most important but neglected aspects of a simulation study is the proper design and analysis of simulation experiments. In this tutorial we give a state-of-the-art
Experiment 1 PENNY PINCHING: STATISTICAL TREATMENT OF DATA Objective Interpretation is one of the important steps for a chemical analysis. Upon receiving raw data, anyone whether scientists or non-scientists can give some thoughts about the results, such as the similarity or difference between the values or the connection between measurements. Scientists are believed to give a better interpretation as they are able to recognize a significant difference between raw data and final results. These results
A wide selection of statistical methods is available for use in Human Resources forecasting. Out of the many techniques some of the prominent ones include, trend, ratio, and regression analysis methods. Trend Analysis: Essentially, trend analysis, looks at previous employment levels against business variables to predict future staffing requirements. All the more, trend analysis uses historical data for forecasting future staffing needs. Likewise, trend analysis creates a relationship between past
Data Analysis and Interpretation In selecting the appropriate statistical test for your data analysis, you need to identify the question or hypothesis for the study. Are you trying to compare groups, interested in finding out if there is a relationship between two or more variables, or are you trying to predict. Some factors to consider as well are the following: (1) Research design, (2) Level of measurement: nominal, ordinal, interval, ratio, (3) Number of groups, and if they are correlated (dependent)
Introduction: I will discuss in this paper one of statistical method used for analyzing data using time to conversion as a dependent variable, it's called survival analysis, also it has many names such as event duration analysis, transition event analysis, time to event analysis, failure analysis and other, Definition of survival analysis: There are many definitions for survival analysis I will mention some of them that can clarifying the meaning, in general it’s a set of statics methods dealing
Mayer-Scho¨nberger 2013). Data streams fueled much of this shift because automatic sensor devices and machine-to-machine communications continuously generate data (Warren, Moffitt, & Byrnes, 2015). This paper will look at some of the ‘Big Data’ being implemented today. Regardless of ow anyone feel, ‘Big Data’ s a thing that is not going away. This paper will look at Video and Image Data, Audio Data, Textual Data, Managerial Accounting. Big Data as a Supplement Video and Imaging Data People have had televisions
semester, we have learned different aspects of Big Data analytics and their practicalities. Forecasting and prediction are another important parts of data analytics. Advanced forecasting analytics is playing a vital role in the age of Big Data, such as predicting crime activities, weather changes, electric power generations, or personalizing marketing campaigns. The purpose of this report is to demonstrate the forecasting power of statistical data analytics. We will use a time series dataset to conduct
Gallup The 2015 Statistical Analysis Poverty Level Data report shows in the United States, there was an increase in which families’ are able to provide food per person within their household. After the devastating financial and economic crisis in 2008, families have been in financial detriment for years trying to maintain consistency in providing food, support, and shelter. Not until the government 2015 report, there were clear evidence of a sufficient rise in food surplus in low income families
center of this data set would be the median, or the arithmetic average. The median would be more suitable because the mean is more heavily influenced by outliers. In a skewed distribution, the mean would be pulled more towards the tail of the data where outliers exist, and the average value would be greater than that of the median. In this case, using the 1.5 x IQR rule, any departure time less than 19.5 or greater than 16.5 is an outlier. Hence, with multiple outliers present in the data, the median
Statistical Handling Data Coursework: High School For this handling statistical data coursework I will be investigating the heights and weights of students of years 7 to 11 in High School. Although this is a fictitious school the data is based on a real school. I will look for a trend in the heights and weights of the students to see if the taller they are, the more they weigh. This is my hypothesis. My Null hypothesis is that there is no correlation between height and weight, and my Alternative