Residuals plot for Detection of Autocorrelation (2020)

The existence and pattern of autocorrelation may be detected using a graphical representation of residuals obtained from ordinary least square regression. One can draw the following residual plot for the detection of autocorrelation:

Detection of Autocorrelation from Residual Plots

  • A plot of the residual plot against time.
  • A plot of the $hat{u}_t$ against $hat{u}_{t-1}$
  • A plot of standardized residuals against time.

Note that the population disturbances $u_t$ are not directly observable, we use their proxies, the residuals $hat{u}_t$.

Detection of Positive negative autocorrelation
  • A random pattern of residuals indicates the non-presence of autocorrelation.
  • A plot of residuals for detection of residuals used for visual examination of $hat{u}_t$ or  $hat{u}_t^2$ can provide useful information not only about the presence of autocorrelation but also about the presence of heteroscedasticity. Similarly, the examination of $hat{u}_t$ and $hat{u}_t^2$ provides useful information about model inadequacy or specification bias too.
  • The standardized residuals are computed as $frac{u_t}{hat{sigma}}$ where $hat{sigma}$ is standard error of regression.
Residuals plot for Autocorrelation

Note: The plot of residuals against time is called the sequence plot. For time-series data, the researcher can plot (graphically draw) the residuals versus time (called a time sequence plot), he may expect to observe some random pattern in the time series data, indicating that the data is not autocorrelated. However, if the researcher observes some pattern (other than random) in the graphical representation of the data, then it means that the data is autocorrelated. The existence of some patterns shown in the above Figure can be used for the detection of autocorrelation.

See more on Autocorrelation

R and Data Analysis

RecordCast – Recording the Screen in One Click

A tutorial about RecordCast: Screen Recording Tool.

Have you ever made video tutorials? Have you ever recorded your computer screen? Indeed, many tutorials are done from the video of a computer screen. This enables Internet users to follow the various steps to follow to resolve a problem or use new software. If you want to instantly record the actions you take in a desktop window without sharing or recording information from your computer, the free online RecordCast‌ Screen Capture tool (RecordCast – Recording the Screen) is what you are looking for!

RecordCast - Recording the Screen

What is RecordCast?

It is a simple web-based tool to record or capture your screen without using third-party apps. All records are processed in the browser, and nothing is saved on the server. It is supported in modern browsers like Chrome, Edge, Firefox, and more.

RecordCast – Recording the Screen is very easy to use, with the essential ability to record everything that happens on our screen, with or without sound. After recording, you can edit the created video, adding text (it has several templates for entering text), images, audio, etc. You can also cut the video and isolate the pieces you want or do not want.

RecordCast

How RecordCast Screen Recorder works

  • Open your browser and go to the service.
  • All you have to do now is click on the “start recording” button in the center.
  • You can choose the type of recording you want, including screen+webcam, screen only, or webcam only.
  • It is possible to record microphone, system audio, or mute audio while recording your screen.
  • After allowing or forbidding the recording, you can make the necessary settings of the recording media available to start your screen’s recording process.
  • You now have three options: select the entire screen, the application window, or the Chrome tab. If you select an application window, the service will show all open windows. If you select a Chrome tab, all open tabs will be displayed in the list.
  • After selecting an app or screen, tap on the record button.
  • After you’ve finished recording, you will have the option to load the recording or start a new recording by deleting the clip.
  • It is available to edit the recorded video in a built-in editor provided by RecordCast, but you need to create a free account now.
RecordCast

In conclusion

RecordCast – Recording a Screen is a great tool for YouTubers, bloggers, and presentations as it gives you everything you need to make a cool show. Some cool features of RecordCast are free, and you can connect a microphone to comment on your video or a webcam, where you can be seen while you are filming.

The only minus we could find about the program is that it only allows you to film for 30 minutes now, which can feel like a very short time. However, the program is good to use if you are inexperienced in making screenshots, as it is incredibly easy to use. In addition, the quality of the recording itself is also really good.

Of course, there are other free web-based screen capture programs, but I do not have enough hands-on experience with them to comment on them. Is RecordCast something you can use? Do you know other and better alternatives? I would love to hear what you think, so leave a comment and make us all smarter!

SPSS Data Analysis

Online MCQs Quiz Website

Quantiles or Fractiles Uncovered (2020)

When the number of observations is sufficiently large, the principle by which a distribution is divided into two equal parts may be extended to divide the distribution into four, five, eight, ten, or hundred equal parts. The median, quartiles, deciles, and percentiles values are collectively called quantiles or fractiles. Let us start learning about Quantiles or Fractiles.

Quantiles or Fractiles Uncovered

Quantiles or Fractiles

Quartiles

These are the values that divide a distribution into four equal parts. There are three quartiles denoted by $Q_1, Q_2$, and $Q_3$. If $x_1,x_2,\cdots,x_n$ are $n$ observations on a variable $X$, and $x_{(1)}, x_{(2)}, \cdots, x_{(n)}$ is their array then $r$th quartile $Q_r$ is the values of $X$, such that $\frac{r}{4}$ of the observations is less than that value of $X$ and $\frac{4-r}{4}$ of the observations is greater.

The $Q_1$ is the value of $X$ such that $\frac{1}{4}$ of the observations is less than the value of $X$ and $\frac{4-1}{4}$ of the observations is greater, the $Q_3$ is the value of $X$, such that $\frac{3}{4}$ of the observations is less than that of $X$ and $\frac{4-3}{4}$ of the observations is greater.

Deciles

These are the values that divide a distribution into ten equal parts. There are 9 deciles $D_1, D_2, \cdots, D_9$.

Percentiles

These are the values that divide a distribution into a hundred equal parts. There are 99 percentiles denoted as $P_1,P_2,\cdots, P_{99}$.

The median, quartiles, deciles, percentiles, and other partition values are collectively called quantiles or fractiles. All quantiles are percentages. For example, $P_{50}, Q_2$, and $D_5$ are also median.

\begin{align*}
Q_2 &= D_5 = P_{50}\\
Q_1 &= P_{25} = D_{2.5}\\
Q_3 &= P_{75}=D_{7.5}
\end{align*}
The $r$th quantile, $k$th decile, and $j$th percentile are located in the array by the following relation:

For ungrouped Date
\begin{align}
Q_r &=\frac{r(n+1)}{4}\text{th value in the distribution and } r=1,2,3\\
D_k &=\frac{k(n+1)}{10}\text{th value in the distribution and } k=1,2,\cdots, 9\\
P_j &=\frac{j(n+1)}{100}\text{th value in the distribution and } k=1,2,\cdots, 99
\end{align}

For grouped Data
\begin{align}
Q_r&= l+\frac{h}{f}\left(\frac{rn}{4}-c\right)\\
D_k&= l+\frac{h}{f}\left(\frac{kn}{10}-c\right)\\
P_j&= l+\frac{h}{f}\left(\frac{jn}{100}-c\right)
\end{align}

Procedure for obtaining Percentile

A procedure for obtaining percentile (quartiles, deciles) of a data set of size $n$ is as follows:

Step 1: Arrange the data in ascending/ descending order.
Step 2: Compute an index $i$ as follows: $i=\frac{p}{100} (n+1)$th (in case of odd observation).

  • If $i$ is an integer, the $p$th percentile is the average of the $i$th and $(i+1)$th data values.
  • if $i$ is not an integer then round $i$ up to the nearest integer and take the value at that position or use some mathematics to locate the value of percentile between $i$th and $(i+1)$th value.

Percentile Example

Consider the following (sorted) data values: 380, 600, 690, 890, 1050, 1100, 1200, 1900, 890000.

For the $p=10$th percentile, $i=\frac{p}{100} (n+1) =\frac{10}{100} (9+1)= 1$. So the 10th percentile is the first sorted value or 380.

For the $p=75$ percentile, $i=\frac{p}{100} (n+1)= \frac{75}{100}(9+1) = 7.5$

To get the actual value we need to compute 7th value + (8th value – 7th value) $\times 0.5$. That is, $1200 + (1900-1200)\times 0.5 = 1200+350 = 1550$.

Quantiles or Fractiles

Read More about: Quartiles, Deciles, and Percentiles

Learn R Programming, Test Preparation MCQs

Frequently Asked Questions Fractiles

  1. What is meant by quartile, deciles, and percentiles?
  2. Describe the procedure of obtaining percentiles (quartiles, and deciles).
  3. What is the interquartile range?
  4. Why do we need to sort the data first when computing quartiles, deciles, and percentiles?