Statistical rules of thumb by Gerald van Belle

Statistical rules of thumb



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Statistical rules of thumb Gerald van Belle ebook
Page: 305
Publisher: Wiley
Format: pdf
ISBN: 0470144483, 9780470144480


Title: Statistical Rules of Thumb Author: Gerald Van Belle. The main argument of the author is that the evolutionary process has led humans to develop “rules of thumb” or “heuristics” that tend to lead to efficient decision making processes. You'll need to be able to compute probabilities of Type I and II errors, obviously What most people call statistical discrimination is just the application of rules of thumb, based on little or no data. This may lead to a That is true, provided we have a sample size sufficient for statistical confidence and that there has been no material change in the industry that invalidates historical price / sales multiples. Jacks: 5 Orange With Blue and Violet Jack. It turns out my work library has a copy, which has been fun to skim, or should I say, to thumb through. (Remember the sampling statistics rule of thumb of 2=4 that I have explained before wherein a halving of confidence interval error rate, say from 3% to 1.5%, requires a quadrupling of [] Reply. Careful application of the Income Approach explicitly relates the rule of thumb metric to equity cash flow and accounts for company-specific risks in the discount or capitalization rate. The problem with rules of thumb is. The numbers will follow but here are some takeaways (I didn't do any statistical analysis, this is just me eyeballing numbers and drawing conclusions that are probably not statistically significant): The rule of thumb is certainly good in terms of rules of thumb, I wouldn't follow it to the ends o f the Earth but it's definitely better than nothing. Multivariable Model - Building: A Pragmatic Approach to Regression. Gerard van Belle's Statistical Rules of Thumb has piqued my curiosity at conferences. Book on multivariable model-building,. None of the three seem to follow the rule with any sort of consistency but they are all in the ballpark of the rule, but not by much.