A Deeper Dive into Likelihood
Likelihood is seen in many places in JMP reports. But, what does it mean? These videos introduce the likelihood function, and then show how JMP uses the likelihood function for estimation, inference ...
Likelihood is seen in many places in JMP reports. But, what does it mean? These videos introduce the likelihood function, and then show how JMP uses the likelihood function for estimation, inference ...
All of the model fits in the JMP Pro Functional Data Explorer platform rely on basis function expansion, a method for capturing non-linear relationships using a set of indepe...
A Wavelet model is a type of basis function model that is useful for data that contain a lot of peaks. This option requires data to be on an evenly spaced grid. If data is not evenly spaced...
High correlation in predictor variables can harm your linear regression model. This problem is called collinearity or multi-collinearity. The first video is an overview of collinearity, ho...
High correlation in predictor variables can harm your linear regression model. This problem is called collinearity or multi-collinearity. The first video is an overview of collinearity, how to understand it, how to detect it, how it is related to the VIF (Variance Inflation Factor) shown in JMP reports and how to interpret VIF. The second video shows how to use Principal Components Analysis to b...
A Wavelet model is a type of basis function model that is useful for data that contain a lot of peaks. This option requires data to be on an evenly spaced grid. If data is not evenly spaced, a grid is automatically created before the wavelet routine. JMP Pro Functional Data Explorer handles and creates reports for Wavelet models. See how Wavelet models work, and why they work so well for modeli...
All of the model fits in the JMP Pro Functional Data Explorer platform rely on basis function expansion, a method for capturing non-linear relationships using a set of independent functions. See how basis function models work for modeling functional data. The videos cover: B-Splines - Fits a basis spline (B-Spline) model to the data. Use the B-Spline model for non-periodic data.P-Splines - Fits a...
Likelihood is seen in many places in JMP reports. But, what does it mean? These videos introduce the likelihood function, and then show how JMP uses the likelihood function for estimation, inference and model comparison. The Likelihood Function (8:33)Maximum Likelihood Estimation (8:44) Likelihood Ratio Tests (9:56) Model Comparison (8:08)