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In this paper, an evaluation method is suggested for selecting one of two competing models based on certain predictive ability ratings. The main focus is on the case of linear models that are not necessarily nested. In the context of such models, the test procedure is based on a sample statistic...
Persistent link: https://www.econbiz.de/10005835827
The Shewhart, Bonferroni-adjustment and analysis of means (ANOM) control chart are typically applied to monitor the mean of a quality characteristic. The Shewhart and Bonferroni procedure are utilized to recognize special causes in production process, where the control limits are constructed by...
Persistent link: https://www.econbiz.de/10005837132
The paper considers the problem of selecting one of two not necessarily nested competing regression models based on comparative evaluations of their abilities in each of two different issues: The first pertains to viewing the problem as a “best-fitting” model determination problem in the...
Persistent link: https://www.econbiz.de/10005619543
Control Charts are the main tools of Statistical Process Control. They are used for deciding whether a process is statistically stable or not. Much theory and many applications have been developed for the Gaussian (Normal) distribution in this area. However, in real data sets we usually face up...
Persistent link: https://www.econbiz.de/10005621246
The Shewhart and the Bonferroni-adjustment R and S chart are usually applied to monitor the range and the standard deviation of a quality characteristic. These charts are used to recognize the process variability of a quality characteristic. The control limits of these charts are constructed on...
Persistent link: https://www.econbiz.de/10005789614