ISYE 6501 Midterm 1 Vocab (Modules 1-10) Exam questions and answers Graded A+ latest update Bayesian Regression - A regression method that combines expert opinion (prior distribution) with data to estimate coefficients and error distributions; especia

ISYE 6501 Midterm 1 Vocab (Modules 1-10) Exam questions and answers Graded A+ latest update Bayesian Regression - A regression method that combines expert opinion (prior distribution) with data to estimate coefficients and error distributions; especially useful with small datasets. Box-Cox Transformation - A logarithmic transformation used to transform non-normal response data into a form that is closer to normally distributed. Eigenvalues - In Principal Component Analysis (PCA), these values are used to sort eigenvectors; they represent the amount of variance captured by each principal component. Eigenvectors - Vectors calculated during PCA that define the new coordinate system; the data is transformed into these new factors to remove correlation. Heteroscedasticity - A condit