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Statistical rules of thumb Gerald van Belle
Publisher: Wiley

As a rule of thumb, this means that your sample size multiplied by your proportion estimate is greater than ten, and that your sample size multiplied by the opposite of your proportion estimate is also greater than ten. Instead of continuously testing or relying on generic rules of thumb, you can calculate the needed sample size and statistical significance very easily. The P-value is one of the biggest sources of confusion in statistics, and it's not uncommon for researchers to use the wrong definition: not when they compute it, but when they think about it. More recently, as president of the Federal Reserve different statistical properties of the alternative measures could in principle influence, perhaps in subtle ways, the specification of a rule of thumb. This is the classic Type 1 error, the bogeyman of undergraduate Statistics 101. Patch leaving behavior is determined by a stochastic dynamic programming (SDP) model, while allowing parasitoids to make mistakes in their estimation of host density when arriving in a patch We use Cox's proportional hazards models to obtain statistical rules of thumb from the simulated behavior. Nearly four decades ago, as staff economist at the Board of Governors of the Federal Reserve. Proponent of rules of thumb for monetary policy. System (BOG), Poole presented a reactive rule of thumb that he argued could serve as a robust guide to policy decisions (Poole, 1971). Praise for the First Edition: "For a beginner [this book] is a treasure trove; for an experienced person it can provide new ideas on how better to pursue the subject of applied statistics." —Journal of Quality Technology. With five minutes to speak to the publishers of many of the top science journals, I tried to distill the lessons learned about scientists and social media to a short set of “rules of thumb.” I was not surprised at all when the panel of scientists at the end of the day .. Simple behavioral rules, or “rules of thumb,” which lead to behavior that closely approximates an optimal strategy, have generated a lot of recent interest in the field of foraging behavior. Greg Ip at the Wall Street Journal on the interpretation of employment statistics. Statistical Rules of Thumb - Books24x7.com - Referenceware for Professionals. But the problem of Instead, researchers often adopt rules of thumb, but I think the new rule of thumb should be: double your old rule of thumb! The P-Value: What it Really Means. The Fed believes that demographic changes have lowered the amount of job creation needed to keep the A rule of thumb on Wall Street is that it takes about 150,000 jobs a month to keep up with the growth in the labor force and thereby keep the unemployment rate steady. Statistical Rules of Thumb - Books24x7.com - Referenceware for Professionals: "Being proactive does not imply perfection. An Unstable Okun's Law, Not the Best Rule of Thumb Brent Meyer and Murat Tasci 06.07.12 Okun's law is a statistical relationship. But the Fed's view is that “equilibrium” job growth is only 110,000 per month. I won't argue the specific merits of the Berkeley study with you, statistical analysis of sociological studies is not my area of expertise.