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STATISTIC GLOSSARY
English Version

A-C | D-F | G-J | K-M | N-S | T-Z

To browse the glossary by alphabet, click on the list of group alphabet above.

A-C
Autocorrelation
Autocorrelation is defined as correlation between members of series of observations ordered in time. e.g. the correlation between the existing series with the lagged data of that series.

Census
A research study that includes data about every member of the defined target population.

Coefficient correlation
Coefficient correlation is a bivariate measure of association (strength) of relationship between two variables. e.g. a businessman wants to calculate the coefficient correlation between the price of world oil and the price of consumer goods.

Confidence Interval
A confidence interval gives an estimated range of values at the predetermined level of significance, which is likely to include an unknown population parameter. The estimated range being calculated from a given set of sample data.

Continuous Random Variable
Variable that takes an infinite number of possible values. Continuous random variables are usually measurements. e.g. height, weight, the sugar content in an orange, the time required to run a mile.

Cyclical Component
Cyclical component refers to the rises and falls of the series over unspecified period of time, usually around a long-run trend.


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D - F
Differencing
Differencing is a popular and effective method of removing trend from a time series. This provides a clearer view of the true underlying behaviour of the series.

Discrete Random Variable
A discrete random variable only take the countable number of distinct values such as 0, 1, 2, 3, 4,... Discrete random variables are usually (but not necessarily) countable. If a random variable can take only a finite number of distinct values, then it must be discrete. Examples of discrete random variables are the number of children in a family, the Friday night attendance at a cinema, the number of patients in a doctor's surgery, the number of defective light bulbs in a box.

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G - J
Independent Events
Two events are independent if the occurrence of one of the events gives us no information about whether or not the other event will occur; that is, the events have no influence on each other.

Irregular Component

The irregular component is that left over when the other components of the series (trend, seasonal and cyclical) have been accounted for. It is the fluctuations of a time series data that is failed to predict. e.g. The effect of Gulf War on airline agencies business.

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K - M
Median
The median is the value halfway through the ordered data set, below and above which there lies an equal number of data values.

Mode
The mode is the most frequently occurring value in a set of discrete data.

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N - S
Non-probability Sampling
The sampling process where the probability of selection of each sampling unit is unknown.

Parameter
Is a value, which represent population characteristic and usually is unknown (therefore has to be estimated). e.g. the population mean is a parameter that is often used to indicate the average value of a population.

Population
Is the set of measurements or counts, which are the subject of an investigation.

Primary Data
Primary data is the raw data collected for a specific objective in the current study. This can be obtained from observation, experiment, interview, and etc.

Probability Sampling
A technique of drawing a sample in which each sampling unit has a known, nonzero probability of being included in the sample.

Questionnaire
A pre-formulated written set of questions for gathering information that tailor to meet the research objectives.

Range
The range of a sample (or a data set) is a measure of the spread or the dispersion of a set observation. It is the difference between the largest and the smallest observed value of some quantitative characteristic.

Sample
Sample is a representative subset of a population.

Sampling Error
Any type of bias that is attributable to mistakes when drawing a sample or determining the sample size.

Sampling Frame
Is the list of population elements or members from which sample is selected. e.g. telephone book.

Sampling Units
Are the target population elements available for selection during the sampling process.

Seasonal Variation
Seasonal Variation/component is the fluctuations occurring within a specific period of time, e.g. within a day, a week, a year and so forth. These fluctuations repeat in the following periods with the same regulatory pattern.

Secondary data
Secondary data is the data that has been published and originally obtained for some other objective. e.g. data collected from a previous study or government publications.

Simple Linear Regression
Simple linear regression aims to find a linear relationship between a response variable and a possible predictor variable by the method of least squares.

Statistic
Is a value calculated from a sample. It is useful in making inferences for an unknown value in the corresponding population. e.g. the average calculated from the sample is used to give information about the mean of the population from which the sample was drawn.

Statistical Inference
Statistical Inference makes use of information from a sample to draw conclusions (inferences) about the population from which the sample was taken.

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T - Z
Time Series
A time series is defined as a set of data collected or arranged in a sequence of order over a successive equal increment of time. E.g. Composite Index for Kuala Lumpur Stock Exchange.

Trend Component
Trend is a long-run movement in a time series. There is the underlying direction (an upward or downward tendency) and rate of change in a time series.

Tree Diagram
A diagram/an organized list that shows all possible outcomes of an event for a case involving more than one experiment or repeated experiments.

Wilcoxon Mann-Whitney Test
The Wilcoxon Mann-Whitney Test is a non-parametric test (distribution-free) used to compare two independent groups of sampled data. This test is an alternative to the independent group t-test, when the assumption of normality or equality of variance is not met. It is used to test the null hypothesis that two samples come from identical populations against the lternative hypothesis that the two samples come from different populations.

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