What is the difference between type I and type II errors?  What is the difference between type I and type II errors? In hypothesis...

How would you interpret a confidence interval?  How would you interpret a confidence interval? Answer:  "A confidence interval  (CI)...

What is Maximum Likelihood Estimation (MLE)? What is Maximum Likelihood Estimation (MLE)? Answer:  " Maximum Likelihood Estimation (MLE)...

What is the Rao-Blackwell theorem, and why is it important? What is the Rao-Blackwell theorem, and why is it important? Answer:  "The...

What is BLUE (Best Linear Unbiased Estimator), and how is it derived? What is BLUE (Best Linear Unbiased Estimator), and how is it...

What is the significance of the power of a test in hypothesis testing? What is the significance of the power of a test in hypothesis...

How would you explain the difference between linear and logistic regression? How would you explain the difference between linear and...

What are the assumptions of linear regression? What are the assumptions of linear regression? Answer:  "Linear regression relies on...

How do you select variables in a regression model? How do you select variables in a regression model? Answer:  "Selecting variables in a...

What is the role of regression analysis in statistical modeling? What is the role of regression analysis in statistical modeling? Answer:...

What is Principal Component Analysis (PCA), and how do you choose the number of components? What is Principal Component Analysis (PCA),...

How is unemployment data collected through surveys like PLFS?  How is unemployment data collected through surveys like PLFS? Unemployment...

What is the significance of data collection for the Human Development Index (HDI)?  What is the significance of data collection for the...

What is non-response error, and how can it be minimized?  What is non-response error, and how can it be minimized? Non-response error...

What are the challenges in conducting a population census in a large country like India?  What are the challenges in conducting a...

What is SECC (Socio-Economic and Caste Census), and why is it important?  What is SECC (Socio-Economic and Caste Census), and why is it...

How does the National Sample Survey (NSS) contribute to economic planning?  How does the National Sample Survey (NSS) contribute to...

What are the objectives of the General Crop Estimation Survey (GCES)?  What are the objectives of the General Crop Estimation Survey...

How do you interpret socio-economic survey data for policy formulation? How do you interpret socio-economic survey data for policy...

What role does survey design play in the accuracy of National Accounts data? What role does survey design play in the accuracy of...