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Full-Text Articles in Other Statistics and Probability
Making Models With Bayes, Pilar Olid
Making Models With Bayes, Pilar Olid
Electronic Theses, Projects, and Dissertations
Bayesian statistics is an important approach to modern statistical analyses. It allows us to use our prior knowledge of the unknown parameters to construct a model for our data set. The foundation of Bayesian analysis is Bayes' Rule, which in its proportional form indicates that the posterior is proportional to the prior times the likelihood. We will demonstrate how we can apply Bayesian statistical techniques to fit a linear regression model and a hierarchical linear regression model to a data set. We will show how to apply different distributions to Bayesian analyses and how the use of a prior affects …
Statistically Analyzing Assembly Line Processing Times Through Incorporation Of Product Variation, Kyle Rehr, Matthew Farr
Statistically Analyzing Assembly Line Processing Times Through Incorporation Of Product Variation, Kyle Rehr, Matthew Farr
Scholars Week
Timing methods and performance metrics are important in the heavily industrialized world we live in. Industrial plants use metrics to measure quality of production, help make decisions, and drive the strategy of the organization. However, there are many factors to be considered when measuring performance based on a metric; of which we will be analyzing the importance of product variation. We will be analyzing assembly line timings, whilst controlling for product variance, to show the importance differences between products makes in one’s ability to predict performance. In addition, we will be analyzing the current “statistical” methods used by an industrial …