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  2. Pivotal quantity - Wikipedia

    en.wikipedia.org/wiki/Pivotal_quantity

    Then is called a pivotal quantity (or simply a pivot). Pivotal quantities are commonly used for normalization to allow data from different data sets to be compared. It is relatively easy to construct pivots for location and scale parameters: for the former we form differences so that location cancels, for the latter ratios so that scale cancels.

  3. Prediction interval - Wikipedia

    en.wikipedia.org/wiki/Prediction_interval

    Such a pivotal quantity, depending only on observables, is called an ancillary statistic. [2] The usual method of constructing pivotal quantities is to take the difference of two variables that depend on location, so that location cancels out, and then take the ratio of two variables that depend on scale, so that scale cancels out.

  4. Ancillary statistic - Wikipedia

    en.wikipedia.org/wiki/Ancillary_statistic

    A ancillary statistic is a specific case of a pivotal quantity that is computed only from the data and not from the parameters. They can be used to construct prediction intervals. They are also used in connection with Basu's theorem to prove independence between statistics. [4]

  5. Normalization (statistics) - Wikipedia

    en.wikipedia.org/wiki/Normalization_(statistics)

    In theoretical statistics, parametric normalization can often lead to pivotal quantities – functions whose sampling distribution does not depend on the parameters – and to ancillary statistics – pivotal quantities that can be computed from observations, without knowing parameters.

  6. Fiducial inference - Wikipedia

    en.wikipedia.org/wiki/Fiducial_inference

    The pivotal method is based on a random variable that is a function of both the observations and the parameters but whose distribution does not depend on the parameter. Such random variables are called pivotal quantities. By using these, probability statements about the observations and parameters may be made in which the probabilities do not ...

  7. Costco executive warns of price hikes because of Trump ... - AOL

    www.aol.com/news/costco-executive-warns-price...

    A top Costco executive sounded the alarm on the potential consequences of President-elect Donald Trump’s proposed tariffs — warning that it will raise prices of goods across the board. “When ...

  8. t-statistic - Wikipedia

    en.wikipedia.org/wiki/T-statistic

    Most frequently, t statistics are used in Student's t-tests, a form of statistical hypothesis testing, and in the computation of certain confidence intervals. The key property of the t statistic is that it is a pivotal quantity – while defined in terms of the sample mean, its sampling distribution does not depend on the population parameters, and thus it can be used regardless of what these ...

  9. Jamie Foxx hit by a glass during altercation at his birthday ...

    www.aol.com/jamie-foxx-hit-glass-during...

    Jamie Foxx was injured during an altercation at his birthday dinner, his spokesperson said Saturday. A spokesperson for Foxx said the actor, who turned 57 on Dec. 13, was “at his birthday dinner ...