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What is a monotonic transformation and how does it impact the relationship between variables in a mathematical function?
A monotonic transformation is a mathematical function that preserves the order of values in a dataset. It does not change the relationship between variables in a mathematical function, but it can change the scale or shape of the function.
How can a positive monotonic transformation be applied to enhance the data analysis process?
A positive monotonic transformation can be applied to enhance the data analysis process by transforming the data in a way that preserves the order of values while making the data more suitable for analysis. This transformation can help to normalize the data, improve the distribution of the data, and make relationships between variables more linear, which can make it easier to interpret and analyze the data effectively.
What does ''highly correlated'' mean?
Correlation is defined as the degree of relationship between two or more variables. It is also called the simple correlation. The degree of relationship between two or more variables is called multi correlation. when two or more variables are said to be higjly correlated it means that they have a strong relationship such that a given rise or fall in one variable will lead to a direct change in the other variable or variables. good examples of highly correlated variables are price and quantity, wage rate and out put, tax and income.
Coefficient of elasticity how many types?
As many types as variables are used to calculate the elasticity. Elasticity is simply a relationship between rates of change of variables in equations.
What is econometrics?
Econometric is a mathematical and statistical tool for empirical economic analysis. An econometric model is a set of equations that depict the major relationship in the economy. It is usually used in economic analysis to illustrate cause-effect relations and to help to predict the future tendencies for key variables. Source(S): heytutor.com/econometrics-tutor
What is a monotonic transformation and how does it impact the relationship between variables in a mathematical function?
A monotonic transformation is a mathematical function that preserves the order of values in a dataset. It does not change the relationship between variables in a mathematical function, but it can change the scale or shape of the function.
What is the significance of the inverse of the Jacobian matrix in the context of mathematical transformations?
The inverse of the Jacobian matrix is important in mathematical transformations because it helps to determine how changes in one set of variables correspond to changes in another set of variables. It is used to calculate the transformation between different coordinate systems and is crucial for understanding the relationship between input and output variables in a transformation.
What mathematical relationship between variables is suggested by a graph showing a hyperbola?
Inverse
What is mathematical expression of a relationship between two or more variables usually known as?
A function.
When looking for a mathematical relationship two variables use a?
line graph or a scatter plot.
What is meant by mathematical model in particular linear programming model?
A mathematical model is the representation of a relationship or state or phenomenon in a mathematical form using control variables.
What is the name of a sentence that defines the value of the unknowns in a problem is called a?
A sentence which defines a value of variables in a mathematical problem is called a statement. The relationship between variables in a mathematical problem is called a function.
What mathematical relationship between variables is suggested by a graph showing a half-parabola?
inverse linear or quadratic
Do you use a line graph when looking for a mathematical relationship between two variables?
A line graph is often useful in visualizing the relationship between two variables. But bear in mind that such relationships are sometimes so complicated that they are difficult to graph.
What equation represent functions?
A function tries to define these relationsips. It tries to give the relationship a mathematical form. An equation is a mathematical way of looking at the relationship between concepts or items. These concepts or items ar represented by what are called variables.
What equation represents a function?
A function tries to define these relationsips. It tries to give the relationship a mathematical form. An equation is a mathematical way of looking at the relationship between concepts or items. These concepts or items ar represented by what are called variables.
What mathematical relationship between variables is suggested by a graph showing a diagonal line from the lower left to the upper right of the graph?
Linear
