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Statistical rules of thumb by Gerald van Belle

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

He says this literally, but don't forget that you can also reduce dimensionality with super special and magical statistical methods. My fascination with his ideas led me to DerivativesStrategy.com which published Mr. As a general rule of thumb, the more biological replicates you have, the better your statistical confidence will be. System (BOG), Poole presented a reactive rule of thumb that he argued could serve as a robust guide to policy decisions (Poole, 1971). 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. 6- Never let a day go by without studying the changes in the prices of all available trading instruments. Going to end up with a big mess. If you want to read more about calculating your ideal samples size, try and google for statistical power and required sample size. 7- The greatest inferential mistake: "This event never happens in my market. Proponent of rules of thumb for monetary policy. What rules of thumb do you follow? Likewise with statistics, the greater the number of samples, the more precise your results will be. You will build an instinctive inference that is more powerful than conventional statistics. In the situations in which the formulas don't apply, there are rules-of-thumb or other ways to come up with a number. Nearly four decades ago, as staff economist at the Board of Governors of the Federal Reserve. Taleb's rules of thumb on trader risk management, which I have quoted in full below.