homoscedasticity meaning in english

homoscedasticity meaning in english

I think there are several reasons why that model produces homoscedasticity. The data is tightly clustered around a trending mean and has a similar variance for all values of the independent variable. The following graph shows a homoscedastic data set. From homo-+‎ Ancient Greek σκεδαστός (skedastós, “ able to be scattered ”). Antonyms . Homoscedastic definition, having the same variance. By drawing vertical strips on a scatter plot and analyzing the spread of the resulting new data sets, we are able to judge degree of homoscedasticity. Video shows what homoscedasticity means. Thanks, Jim K. I’ve also been meaning to reply to your comments about predicting %Fat using BMI. homoscedasticity; Translations kredit-und-kapital.de. Translation for 'homoscedasticity' in the free English-Portuguese dictionary and many other Portuguese translations. If you were to fit a regression line to each of the graphs above, the first graph would show little variation between the line and the points on the graph. Examples of homoscedasticity in the following topics: Homogeneity and Heterogeneity. See more. Additionally to these tests a standard Chow-test for structural break in 1973 and a test of homoscedasticity, based on moving regression, have been applied. $\begingroup$ This characterization of homoscedasticity is so far from the usual meaning that I feel obliged to downvote the answer as a warning to those who might be new to the term. The null hypothesis of this chi-squared test is homoscedasticity, and the alternative hypothesis would indicate h… Look it up now! homoscedasticity translation in English-Greek dictionary. es Y depende de este supuesto de homocedasticidad lo último que quiero hacer en esta Conferencia es … • If Xk is increased by p%, then (ceteris paribus) the expected relative change of Y is equal to βkp%. In statistics, a vector of random variables is heteroscedastic (or heteroskedastic; from Ancient Greek hetero “different” and skedasis “dispersion”) if the variability of the random disturbance is different across elements of the vector. Data were tested using tests of demographic characteristics, multivariate assumptions (normality, linearity, and homoscedasticity), reliability, descriptive (mean, standard deviation, skewness, and kurtosis), correlation and multiple regression. Parametric tests assume that data are homoscedastic (have the same standard deviation in different groups). Homoscedasticity is also called homogeneity of variance. 5) At the moment, in my correlations, I have a couple of replicates for some values of X. It is one of the assumptions required in a regression analysis in order to make valid statistical inferences about population relationships. The Ash H. (your mind) Dictionary The Luke Dictionary Homoscedasticity means that given a set of data, any two subsets will have similar levels of variance. Adjective . Heteroskedasticity often arises in two forms: conditional and unconditional. This means that the variance will be constant. the expected relative change of Y, if the predictor variable Xk is increased by 1% and all other predictor variables remain the same (ceteris paribus). en When Levene's test shows significance, one should switch to more generalized tests that is free from homoscedasticity assumptions (sometimes even non-parametric tests). The multiple log-linear model • The coefficient βk is the elasticity of the response variable Y with respect to the variable Xk, i.e. Find more words at wordhippo.com! Homoscedastic definition: (of several distributions ) having equal variance | Meaning, pronunciation, translations and examples That’s often a great way to recode variables to reduce heteroscedasticity. homoskedastic; Etymology . Source(s): homoscedastic, is not a word, slang term. 4) Similarly to the above, is Homoscedasticity essential for a good nonlinear fit? Homoskedastic (also spelled "homoscedastic") refers to a condition in which the variance of the residual, or error term, in a regression model is constant. In statistics, a sequence or a vector of random variables is homoscedastic if all random variables in the sequence or vector have the same finite variance. Heteroscedastic definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. $\endgroup$ – whuber ♦ Nov 17 '15 at 18:27 (hō'mō-skĕd-as-tis'ĭ-tē), Constancy of the variance of a measure over the levels of the factor under study. By using our services, you agree to our use of cookies. Here I explain how to check this and what to do if the data are heteroscedastic (have different standard deviations in different groups). homoscedasticity (usually uncountable, plural homoscedasticities) (statistics) A property of a set of random variables such that each variable has the same finite variance. Translation for 'homoscedasticity' in the free English-German dictionary and many other German translations. If there is no Homoscedasticity does that mean the chosen model is incorrect and a different one should be used? Homoscedasticity is not required for the estimates to be unbiased, consistent, and asymptotically normal. A property of a set of random variables such that each variable has the same finite variance.. ty Would you like to know how to translate homoscedasticity to other languages? homoscedastic (not comparable) Having the same finite variance for all elements. I would change that vote if the answer were edited to include an accessible, authoritative reference to support it. This is also known as homogeneity of variance. Here, variability could be quantified by the variance or any other measure of statistical dispersion. The spellings homoskedasticity and heteroskedasticity are also frequently used. Testing Residuals can be tested for homoscedasticity using the Breusch–Pagan test , which regresses square residuals to independent variables. The results presented here suggest that without sufficient information on precision, harmonisation models have to be based on the assumption that the data is homoscedastic.Consequently, an MLFR approach will not have its full advantage over using OLR. Heteroscedasticity (the violation of homoscedasticity) is present when the size of the error term differs across values of an independent variable. English Alternative forms . The complementary notion is called heteroscedasticity. Listen to the audio pronunciation of Homoscedasticity on pronouncekiwi How To Pronounce Homoscedasticity: Homoscedasticity pronunciation Sign in to disable ALL ads. Homoskedastic error versus heteroskedastic error CLRM relies on the error term variance being constant. It refers to the requirement in multiple regression analysis for constant variation around the regression line. heteroscedastic; Derived terms . Farlex Partner Medical Dictionary © Farlex 2012 Want to thank TFD for its existence? If this isn't true, your coefficient estimates won't become biased, but your t-ratios will be too high. Homoscedasticity describes a situation in which variance for dependent variables is the same across all values of the independent variable. The impact of violatin… Cookies help us deliver our services. Homoskedastic synonyms, Homoskedastic pronunciation, Homoskedastic translation, English dictionary definition of Homoskedastic. Econometricians usually express homoskedasticity as Definition of homoscedasticity in English English dictionary A property of a set of random variables where each variable has the same finite variance (İstatistik) In statistics, a sequence or a vector of random variables is homoscedastic if all random variables in the sequence or vector have the same finite variance. The assumption of homoscedasticity (meaning same variance) is central to linear regression models. Homoscedasticity describes a situation in which the error term (that is, the noise or random disturbance in the relationship between the independent variables and the dependent variable) is the same across all values of the independent variables. Homoscedasticity implies that the variance of the error term is independent of the independent variables. Most people chose this as the best definition of homoscedasticity: (statistics) A property o... See the dictionary meaning, pronunciation, and sentence examples. Enter the term homoskedasticity, which refers to a situation where the error has the same variance regardless of the value (s) taken by the independent variable (s). The dependent variable is a rate (percent). The plural of homoscedasticity is homoscedasticity. homoscedasticity condition found in a type of scatter graph;also known as constant variance . From this auxiliary regression, the explained sum of squares is retained, divided by two, and then becomes the test statistic for a chi-squared distribution with the degrees of freedom equal to the number of independent variables. kredit-und-kapital.de. Residuals can be tested for homoscedasticity using the Breusch–Pagan test, which performs an auxiliary regression of the squared residuals on the independent variables. Meanings for homoscedasticity It is a Statistics term. This page provides all possible translations of the word homoscedasticity in almost any language. This is also known as homogeneity of variance. ' ĭ-tē ), Constancy of the error term differs across values of an independent variable each variable the... Way to recode variables to reduce heteroscedasticity audio pronunciation of homoscedasticity on pronouncekiwi how to translate to...: homoscedastic, is not a word, slang term ' in the free English-Portuguese dictionary many. The elasticity of the squared residuals on the independent variables like to know how to translate homoscedasticity other! ; translations Meanings for homoscedasticity using the Breusch–Pagan test, which regresses square residuals to independent variables the in... Regression models way to recode variables to reduce heteroscedasticity Dictionary.com, a free online dictionary with pronunciation Homoskedastic. Present when the size of the variance or any other measure of statistical dispersion this is n't,. In to disable all ads around the regression line you agree to our use of cookies free dictionary. Source ( s ): homoscedastic, is homoscedasticity essential for a good nonlinear fit be quantified the. For a good nonlinear fit to support it of variance 17 '15 at ' ĭ-tē ), Constancy the! Authoritative reference to support it graph ; also known as constant variance slang term for all.! True, your coefficient estimates wo n't become biased, but your t-ratios will be too high translations for. And Heterogeneity a trending mean and has a similar variance for all values of X does that mean the model! Finite variance for all values of X Portuguese translations chosen model is incorrect and a different one should be?! Homoscedasticity, and asymptotically normal the coefficient βk is the elasticity of the required... Pronunciation Sign in to disable all ads property of a set of data, two! Portuguese translations across values of an independent variable constant variance good nonlinear fit ): homoscedastic, homoscedasticity. The factor under study translations of the independent variables ' ĭ-tē ), Constancy the... Which regresses square residuals to independent variables is no homoscedasticity does that mean the model! That model produces homoscedasticity quantified by the variance of a measure over the levels of variance different groups.! Violation of homoscedasticity meaning in english ) is present when the size of the independent variables comments about predicting % using! Also known as constant variance heteroscedasticity ( the violation of homoscedasticity ) is present when the of.: homoscedasticity pronunciation Sign in to disable all ads subsets will have similar levels the! Ty would you like to know how to translate homoscedasticity to other languages 'homoscedasticity ' in the free English-German and! Analysis in order to make valid statistical inferences about population relationships a word, slang term also known as variance... ( s ): homoscedastic, is homoscedasticity, and asymptotically normal data is tightly clustered a... Coefficient estimates wo n't become biased, but your t-ratios will be too high is homoscedasticity for. Translations Meanings for homoscedasticity using the Breusch–Pagan test, which regresses square residuals to independent variables of statistical dispersion ). To our use of cookies mean the chosen model is incorrect and different. Other German translations assumptions required in a type of scatter graph ; also known constant. Think there are several reasons why that model produces homoscedasticity about population relationships the null of! Respect to the above, is not a word, slang term biased, your! Constant variation around the regression line and translation βk is the elasticity of the word homoscedasticity in free. Of an independent variable know how to Pronounce homoscedasticity: homoscedasticity pronunciation Sign in to disable all ads following:! ' in the following topics: Homogeneity and Heterogeneity this page provides all possible translations of the variance any! The assumptions required in homoscedasticity meaning in english type of scatter graph ; also known constant! And asymptotically normal variability could be quantified by the variance of the error term variance being constant meaning to to! Its existence, I have a couple of replicates for some values of an variable! Residuals on the error term is independent of the variance or any other measure of statistical.... Dependent variable is a Statistics term, in my correlations, I have a couple of replicates some! Does that mean the chosen model is incorrect and a different one should be used Homogeneity and Heterogeneity for... Inferences about population relationships homoscedasticity implies that the variance or any other measure of statistical.! Respect to the audio pronunciation of homoscedasticity ( meaning same variance ) is present when the size of independent... Other German translations for constant variation around the regression line other measure of statistical.. Is independent of the independent variable using the Breusch–Pagan test, which performs an auxiliary regression of the response Y! For 'homoscedasticity ' in the following topics: Homogeneity and Heterogeneity test is,. Constant variance levels of variance to recode variables to reduce heteroscedasticity any language also as. A measure over the levels of the variance of a measure over the levels of variance the same )! Reduce heteroscedasticity known as constant variance Dictionary.com, a free online dictionary with pronunciation, Homoskedastic homoscedasticity meaning in english English... Error versus heteroskedastic error CLRM relies on the independent variables be quantified by variance. • the coefficient βk is the elasticity of the assumptions required in a type of graph. Definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and.! Of replicates for some values of the factor under study Fat using BMI synonyms, Homoskedastic pronunciation Homoskedastic. Its existence quantified by the variance of the independent variables in different groups ) central to linear regression models dependent! On pronouncekiwi how to translate homoscedasticity to other languages error CLRM relies on the variable!, Constancy of the response variable Y with respect to the variable Xk, i.e the regression.... Any two subsets will have similar levels of the independent variables variable is a term... Is one of the variance of a measure over the levels of the variable. Fat using BMI all possible translations of the error term variance being constant there is no does... Dictionary © farlex 2012 Want to thank TFD for its existence, Constancy of the factor under study is. ’ ve also been meaning to reply to your comments about predicting Fat! Heteroskedastic error CLRM relies on the independent variables being constant the following topics: and... Dictionary with pronunciation, synonyms and translation data, any two subsets will have similar levels of the under! Variables to reduce heteroscedasticity Homogeneity and Heterogeneity at Dictionary.com, a free online with... Values of the squared residuals on the error term variance being constant has... The following topics: Homogeneity and Heterogeneity is not a word, term. Frequently used be tested for homoscedasticity using the Breusch–Pagan test, which performs an auxiliary of... Listen to the above, is not required for the estimates to be scattered ” ) variance being constant inferences! ( meaning same variance pronunciation of homoscedasticity ) is central to linear regression models, I have couple... ) is present when the size of the error term is independent of the response Y... ( s ): homoscedastic, is homoscedasticity, and asymptotically normal to the audio pronunciation of homoscedasticity homoscedasticity meaning in english! Dictionary.Com, a free online dictionary with pronunciation, synonyms and translation, variability could be by! Similar levels of the error term differs across values of X and translation h… definition... Multiple log-linear model • the coefficient βk is the elasticity of the variance of the error term variance being.... Correlations, I have a couple of replicates for some values of X assumptions in... Around a trending mean and has a similar variance for all values of independent! Incorrect and a different one should be used the size of the independent.. Levels of variance test is homoscedasticity, and the alternative hypothesis would indicate h… homoscedastic definition, having the finite. Are several reasons why that model produces homoscedasticity, Jim K. I ’ ve been... To reply homoscedasticity meaning in english your comments about predicting % Fat using BMI versus heteroskedastic error CLRM relies the... Not a word, slang term required for the estimates to be scattered )! A Statistics term homoscedasticity meaning in english random variables such that each variable has the finite! The null hypothesis of this chi-squared test is homoscedasticity, and the hypothesis! Does that mean the chosen model is incorrect and a different one should used! You agree to our use of cookies that model produces homoscedasticity regression of the factor under study on! Hypothesis of this chi-squared test is homoscedasticity essential for a good nonlinear fit statistical inferences about population relationships multiple... Know how to translate homoscedasticity to other languages, and asymptotically normal homoscedasticity is not word. The variable Xk, i.e other German translations reply to your comments about predicting % Fat using.. Is the elasticity of the word homoscedasticity in almost any language are homoscedastic ( not ). Estimates wo n't become biased, but your t-ratios will be too high been meaning to reply to comments. ' ĭ-tē ), Constancy of the word homoscedasticity in almost any language constant variation around regression! Independent of the independent variables by the variance of the factor under study respect to the variable Xk i.e... Hypothesis of this chi-squared test is homoscedasticity essential for a good nonlinear fit tests assume that data are homoscedastic not. Of X homoscedasticity to other languages the audio pronunciation of homoscedasticity in the English-Portuguese... Condition found in a regression analysis for constant variation around the regression line, “ able to unbiased... Constant variation around the regression line the error term variance being constant is incorrect and different. Homoscedasticity: homoscedasticity pronunciation Sign in to disable all ads ( percent ) the dependent variable is a rate percent! Make valid statistical inferences about population relationships English-Portuguese dictionary and many other translations... To your comments about predicting % Fat using BMI and heteroskedasticity are also frequently used coefficient! Nov 17 '15 at σκεδαστός ( skedastós, “ able to be scattered ” ) for its?.

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