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Influential Observations

Started by alrelax, October 05, 2016, 02:30:19 PM

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alrelax

Read it, bits and pieces of knowledge within.  Here is am excerpt of Influential Observations. 

Influence

The influence of an observation can be thought of in terms of how much the predicted scores for other observations would differ if the observation in question were not included. Cook's D is a good measure of the influence of an observation and is proportional to the sum of the squared differences between predictions made with all observations in the analysis and predictions made leaving out the observation in question. If the predictions are the same with or without the observation in question, then the observation has no influence on the regression model. If the predictions differ greatly when the observation is not included in the analysis, then the observation is influential.

A common rule of thumb is that an observation with a value of Cook's D over 1.0 has too much influence. As with all rules of thumb, this rule should be applied judiciously and not thoughtlessly.

An observation's influence is a function of two factors: (1) how much the observation's value on the predictor variable differs from the mean of the predictor variable and (2) the difference between the predicted score for the observation and its actual score. The former factor is called the observation's leverage. The latter factor is called the observation's distance.


http://onlinestatbook.com/2/regression/influential.html
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21 Aces

This is how the world works, but not according to those who simply look at straight basic math. 

There are so many examples of how an occurrence in baccarat opens up the probability of related occurrences to come along.  Take Dragon/ Panda/ Tie lines for example.  How should the position of a previous Dragon/ Panda/ Tie increase the odds of that same type of win later in the show.  According to game math and edge it should not.
Life is something you dominate if you're any good. - Tom Buchanan

alrelax

I have watched with comical interests, those that perform straight math at the tables for years.  Works both ways, those addicted to and believing in straight math calculating the results.  As well, those that are influenced by their observations also doing the same.  Absolutely the best show on earth. 
My Blog within BetSelection Board: https://betselection.cc/index.php?board=250.0

Played well over 36,951 shoes of baccarat since I started playing at B&M USA casinos.

THE PURPOSE OF GAMING IS TO WIN!

"Don't say it's a winning hand until you are getting paid for it".

Played numerous properties in Las Vegas, Reno, Southern California, Atlantic City, Connecticut, South Florida, The South/Southeast as well as most areas of The Midwest.

Baccarat, actually a mixture of Watergate, attacking the Gotti Family and the famous ear biting Tyson fight leading to disqualification and a near riot.  Bac has all that & more.
 
Administrator & Forum Board Owner  of  BetSelection.cc
EMAIL: Betselectionboard@Gmail.Com

alrelax

A positive side is that 'Influential Obviations" will allow a player not to fall into the rut of 'straight math' which can never beat a casino game. 

You have to learn how to mix the two for the edge that can allow you to win for a period of time.
My Blog within BetSelection Board: https://betselection.cc/index.php?board=250.0

Played well over 36,951 shoes of baccarat since I started playing at B&M USA casinos.

THE PURPOSE OF GAMING IS TO WIN!

"Don't say it's a winning hand until you are getting paid for it".

Played numerous properties in Las Vegas, Reno, Southern California, Atlantic City, Connecticut, South Florida, The South/Southeast as well as most areas of The Midwest.

Baccarat, actually a mixture of Watergate, attacking the Gotti Family and the famous ear biting Tyson fight leading to disqualification and a near riot.  Bac has all that & more.
 
Administrator & Forum Board Owner  of  BetSelection.cc
EMAIL: Betselectionboard@Gmail.Com