SECTION 4: RISK MANAGEMENT AND INSURANCE When a person or a business is exposed to a risk of a financial loss, the loss is generally modeled using a random variable or some…
1. IlluminatingInterconnectednessand ContagionDr. Kimmo SoramäkiFounder and CEOFNA, www.fna.fiEnterprise Risk Management SymposiumChicago, 23 April 2013 2. Map of 1854 Broad…
Slide 11 MRes Wednesday 11 th March 2009 Logistic regression Slide 2 2 Programme A short talk. Break for coffee. A short class exercise. Slide 3 3 Background Logistic regression…
Slide 1Multiple Regression Slide 2 Introduction Describe some of the differences between the multiple regression and bi-variate regression Assess the importance of the R-squared…
Slide 1Chapter 4 Describing the Relation Between Two Variables 4.3 Diagnostics on the Least-squares Regression Line Slide 2 The coefficient of determination, R 2, measures…
Slide 1Warm Up How do I know this is a probability distribution? What is the probability that Mary hits exactly 3 red lights? What is the probability that she gets at least…
Slide 1Linear Regression and least square error solution Slide 2 What is “Linear”? Remember this: Y=mX+B? B m Slide 3 Simple linear regression The linear regression model:…
1. Business StatisticsAFTERSCHO☺OL –DEVELOPING CHANGE MAKERSCENTRE FOR SOCIAL ENTREPRENEURSHIPPGPSE PROGRAMME –World’ Most Comprehensive programme in social entrepreneurship…