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Prasanta Chandra Mahalanobis headed the National Income Committee formed in 1949. Under his leadership, the committee developed a comprehensive framework for measuring India's national income, which became known as the Mahalanobis Model. This model focused on assessing economic development by analyzing key sectors and their interrelationships. Mahalanobis, a renowned statistician and economist, made significant contributions to statistical methods and played a crucial role in shaping India's economic planning through data-driven decision-making.
In developing a fraud detection model for online transactions, a data analyst should use a technique capable of identifying anomalous patterns. Which of...
In the context of time series analysis, the Dickey-Fuller test is used to:
A company collects sales data from different regions, but the "Revenue" column uses inconsistent currency formats (USD, EUR, INR). What is the best appr...
Which format is best suited for organizing customer complaints recorded in text format, including emails and social media messages?
In requirement analysis, which of the following best defines functional requirements?
What is the primary difference between Big Data and traditional data ?
Which of the following is a key advantage of using box plots over histograms for visualizing data?
Which test is commonly used to check stationarity in time series data?
When performing time series decomposition , which method separates data into additive components?
In data transformation, what is the primary purpose of standardization?
