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Stochastic Relationships

Summary:
[bit.ly/dsia06c] Part C of Lec 6 on Descriptive Statistics: An Islamic Approach. Stochastic relationships relate one variable X to the DISTRIBUTION of the other variable Y, and not the the variable Y itself. This makes it difficult to understand the concept, because it operates at the group level, not on a case by case basis. ...

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[bit.ly/dsia06c] Part C of Lec 6 on Descriptive Statistics: An Islamic Approach. Stochastic relationships relate one variable X to the DISTRIBUTION of the other variable Y, and not the the variable Y itself. This makes it difficult to understand the concept, because it operates at the group level, not on a case by case basis. Median Line of Part B provide an earlier illustration. This part C uses the Mid-Range between first and third quartile to illustrate stochastic relationships on the HIES data set.


Asad Zaman
Physician executive. All opinions are my personal. It is okay for me to be confused as I’m learning every day. Judge me and be confused as well.

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