The likelihood ratio classification rule is derived from the location model, applicable when the data contains both binary and continuous variables. A method is proposed for estimating the rule in ...

A Bayes procedure for classifying an observation consisting of one dichotomous variable (X) and a continuous vector Y is applied to a model assuming that the conditional distribution of Y given X is ...

Statistical modeling lies at the heart of data science. Well-crafted statistical models allow data scientists to draw conclusions about the world from the limited information present in their data. In ...

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 ...