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Analysis of variance

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Analysis of Variance
Analysis of variance is a collection of statistical models which seek to evaluate the extent of variance within different groups.

 


analysis of variance
statistical technique used to determine the degree of difference or similarity between two or more groups. The method is based on a comparison of the average value of some characteristic of both groups.

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Analysis of variance (ANOVA) Â- Analysis of covariance Â- Multivariate ANOVA Â- Degrees of freedom
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ANOVA
Analysis of Variance
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analysis of variance
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From Kennedy, 3rd edition, pp226-227: "Analysis of variance is a statistical technique designed to determine whether or not a particular classification of the data is meaningful.

A statistical test that is used to make unplanned comparisons, rather than pre-planned comparisons, among group means in an analysis of variance (ANOVA) experiment.

This logic also gives rise to the concept of standard costs, which in turn allow for careful analysis of variances. Variances can be prepared for various facets of performance related to material, labor, and overhead.

See also: Observation, Time series, Dispersion, Median, Mergers

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