What is 'Balanced ANOVA'
Balanced ANOVA is a statistical test used to determine whether or not different groups have different means. Analysis of variance testing (ANOVA) is used to test the differences between means for statistical significance. An ANOVA analysis is typically applied to a set of data in which sample sizes are kept equal for each treatment combination. Balanced ANOVA tests are often done with computer software due to the complexity of mathematical calculations. It does not work well in experiments in which observations are missing or extra observations are present.
BREAKING DOWN 'Balanced ANOVA'
A oneway ANOVA test checks for significance for one factor only, while a twoway ANOVA test analyzes the effects of two factors simultaneously. Twoway ANOVA tests are the most useful when the replicate examples are equal, or "balanced."
ANOVA Uses in Finance
ANOVA is used in finance in several different ways, such as to forecast the movements of security prices by first determining which factors influence stock fluctuations. Factor investing focuses on both macroeconomics and investing style, and this quantitative analysis can provide valuable insight into the behavior of a security or market index under various conditions. For example, it could show how much of a security's rise or fall is due to changes in interest rates. A ttest and ftest are used to analyze the results of an analysis of variance test to determine which variables are of statistical significance.

Analysis Of Variances  ANOVA
Analysis of variances (ANOVA) is a statistical examination of ... 
TwoWay ANOVA
A twoway ANOVA test is a statistical test used to determine ... 
ThreeWay ANOVA
A threeway ANOVA is a statistical means of determining the effect ... 
Scheffe's Test
Scheffe's Test is a statistical test that is used to make unplanned ... 
Acceptance Testing
Acceptance testing, in the engineering and software industries, ... 
Test
A test is when a stock’s price approaches an established support ...

Investing
A Slowdown is Hitting Quest Diagnostics (DGX)
Quest Diagnostics holds an interesting position in the healthcare value market, but the company faces a few challenges. 
Investing
EU Bank Stress Test Results: A Preview
The tests of 51 banks covering 70% of total banking assets across the EU come at a time of great turmoil in banking when many financial shares have plunged 
Personal Finance
2 Ways To Finish Undergraduate And MBA Programs Faster
Testing out of courses and challenging course credit decisions can allow you to save money and time at college. 
Trading
Backtesting and Forward Testing: The Importance of Correlation
Correlations between backtesting and forward performance testing results can help you optimize your trading system. 
Investing
Ratio Analysis Tutorial
If you don't know how to evaluate a company's present performance and its possible future performance, you need to learn how to analyze ratios. 
Trading
Basics Of Technical Analysis
Learn how chartists analyze the price movements of the market. We'll introduce you to the most important concepts in this approach. 
Trading
Exploring the Exponentially Weighted Moving Average
Learn how to calculate a metric that improves on simple variance.

What is the difference between standard deviation and variance?
Understand the difference between standard deviation and variance; learn how each is calculated and how these concepts are ... Read Answer >> 
What are some examples of ways that sensitivity analysis can be used?
Understand the concept of sensitivity analysis and learn about the wide variety of disciplines to which it can be applied. Read Answer >> 
How can you calculate correlation using Excel?
Find out how to calculate the Pearson correlation coefficient between two data arrays in Microsoft Excel through the CORREL ... Read Answer >> 
How do you calculate beta in Excel?
Learn how to calculate the beta of an investment using Microsoft Excel. Read Answer >>