100% de satisfacción garantizada Inmediatamente disponible después del pago Tanto en línea como en PDF No estas atado a nada
logo-home
AN(C)OVA summary 5,57 €
Añadir al carrito

Resumen

AN(C)OVA summary

 0 veces vendidas
  • Grado
  • Institución

Summary of the ANOVA/ANCOVA part of the course Quantitative and Design Methods for Business Research

Vista previa 2 fuera de 6  páginas

  • 11 de enero de 2025
  • 6
  • 2024/2025
  • Resumen
avatar-seller
Analysis of (Co-)Variance
Analysis of Variance (ANOVA): is a statistical test to determine whether there are
significant di2erences among the means of two or more groups. It assesses whether the
variability between group means is larger than the variability within the groups.

è The null hypothesis (𝐻! ) states that all group means are equal
è The dependent variable in ANOVA must be a metric variable. This means it must be
measurable on an interval scale, or a ratio scale.
è ANOVA requires at least one or more independent variables, called factors, these
factors must be categorical (non-metric). Each level of a factor represents a
di2erent category for comparison.

How does ANOVA work:
• ANOVA divides the total variance observed in the data into between-group
variance (di2erences due to the independent variable )and within-group variance
(di2erences due to randomness or noise).
o If the between-group variance is significantly greater than the within-group
variance, the test concludes that the group means are not all equal, rejecting
the null hypothesis.


Three di2erent types of ANOVA:

1. One way ANOVA: This involves one categorical independent variable (or one factor)
2. N-way ANOVA: This occurs when two or more factors are involved as independent
variables.
3. ANCOVA: Is a more advanced form of ANOVA that includes both categorial and
metric independent variables. The categorical variables are still treated as factors,
while the metric independent variables are referred to as covariates.

, One Way ANOVA: Examines di2erences in the mean of a dependent variable across
categories of a single independent variable (factor)

Applications:

o Whether the number of defective products di2er across di2erent machines
o If work-related accidents vary across di2erent working environments
o How di2erent troubleshooting checklists a2ect repair times.



Step by step calculation

1. Calculate the average of the dependent variable across all observations.
"#$%& #( $)* +*,*-+*-$ .%/0%1&*
§ 𝑌# = "#$%& -231*/ #( #14*/.%$0#-4
2. Calculate the Sum of Squares (𝑆𝑆5 )
§ 𝑆𝑆5 = ∑(𝑌0 − 𝑌#)6
3. Calculate between-group sum of squares (𝑆𝑆7 ) (measures the variability by
di2erences in group means)
§ 𝑆𝑆7 = ∑ 𝑛𝑗(𝑌#8 − 𝑌#)6
- nj = number of observations in group
- 𝑌"! = mean average of group j
- Calculate deviations for each group mean from the grand mean, square them and multiply
by group size
4. Calculate within-group Sum of Squares (𝑆𝑆*//#/ )
§ 𝑆𝑆*//#/ = ∑(𝑌08 − 𝑌#8 )6
- Here you subtract the average mean of the group of the actual value of the observation in
that group.
- So you take each observations value, substract their group mean, square the result and
sum everything in that group.




F-Test for significance: The F-test for significance compares the variance between groups
to the variance within groups:
9*%- 4:2%/* 1*$;**- </#2,4 (9>?) >>! / (BCD)
𝐹= 9*%- 4:2%/* ;0$)0- </#2,4 (9>A)
=𝐹 = >>$%%&%/ (ECB)

- Where N = total of observations
- C = number of observations in the group

A significant F-statistic suggests that the dependent variable is influenced by the
independent variable. The null hypothesis can then be rejected.

Los beneficios de comprar resúmenes en Stuvia estan en línea:

Garantiza la calidad de los comentarios

Garantiza la calidad de los comentarios

Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!

Compra fácil y rápido

Compra fácil y rápido

Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.

Enfócate en lo más importante

Enfócate en lo más importante

Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!

Preguntas frecuentes

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

100% de satisfacción garantizada: ¿Cómo funciona?

Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller maudhunnego2000. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for 5,57 €. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

45,681 summaries were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Empieza a vender

Vistos recientemente


5,57 €
  • (0)
Añadir al carrito
Añadido