Sensitivity Analysis

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Definition Sensitivity analysis is a collection of techniques that determine how input parameters affect model results. Specifically, it measures how much variation in the results stems from different types of uncertainty. For a model: $Y=f(X_1,X_2,X_3…..X_n)$ examines how Y changes when each X is modified. Sensitivity analysis can be applied across several key areas: predictive models, … Read more

F statistic

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Both one-way ANOVA (Analysis of Variance) and repeated measures ANOVA employ the F statistic as a tool to evaluate the null hypothesis that there are no significant differences between the groups being studied. Numerous other statistical tests utilize the F statistic, including regression, Levene’s and Bartlett’s tests for homogeneity of variance, MANOVA, ANCOVA, Wilks’ lambda … Read more