Multivariate Statistical Modeling in Engineering and Management

The book focuses on problem solving for practitioners and model building for academicians under multivariate situations. This book helps readers in understanding the issues, such as knowing variability, extracting patterns, building relationships, and making objective decisions. A large number of multivariate statistical models are covered in the book. The readers will learn how a practical problem can be converted to a statistical problem and how the statistical solution can be interpreted as a practical solution.Key features:Links data generation process with statistical distributions in multivariate domainProvides step by step procedure for estimating parameters of developed modelsProvides blueprint for data driven decision makingIncludes practical examples and case studies relevant for intended audiencesThe book will help everyone involved in data driven problem solving, modeling and decision making.