Categories: Finance

ANOVA Analysis

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<h3>Assumptions<&sol;h3>&NewLine;<p align&equals;"justify">•  The dependent variable should be interval or ratio&period;<br &sol;>&NewLine;•  The population in which samples are drawn should be normally distributed&period;<br &sol;>&NewLine;•  Sample cases should be independent of each other&period;<br &sol;>&NewLine;•  Variance between the groups should be approximately equal&period;<&sol;p>&NewLine;<h3>One-Way ANOVA &lpar;It uses F-Statistic&rpar;<&sol;h3>&NewLine;<p align&equals;"justify">One way ANOVA is a statistical technique that is used to compare the means of more than two groups based on a single treatment factor&period; OR we can say that it assess the effects of one independent variable on a single dependent variable&period;<&sol;p>&NewLine;<p align&equals;"justify"><strong>Examples&colon;<&sol;strong><br &sol;>&NewLine;The owner is interested to know the average daily sale of new brand at three metro cities&period;<br &sol;>&NewLine;The vice chancellor is interested to know the average CGPA of three institutes&period;<br &sol;>&NewLine;Ho&colon; The average sale of the new brand of gasoline is same in all three metro cities&period;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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