Examlex
In comparing the direct method with the indirect method of preparing the statement of cash flows:
Parametric Statistical Methods
Statistical methods that assume the data follows a particular distribution, typically used for hypothesis testing or estimating population parameters.
Nonparametric Statistical Methods
Statistical techniques that do not assume a specific distribution for the data, making them suitable for analysis of ordinal data or data that doesn't meet assumptions of parametric tests.
Distributional Assumptions
The set of assumptions regarding the underlying distribution of the data, which are critical in choosing the appropriate statistical test and interpreting its results accurately.
Rank Assigned
A method of assigning ordinal positions to items that are being compared, such as in the sorting of data.
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