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Statistical rules of thumb Gerald van Belle
Publisher: Wiley

My fascination with his ideas led me to DerivativesStrategy.com which published Mr. As explained by Moneyball author Michael Lewis, “one statistical rule of thumb in basketball is that a team leading by more points than there are minutes left near the end of the game has an 80% chance of winning. It contains many well-chosen and motivating medical examples suitable for the audience, with statistical rules of thumb, non-technical explanations and fully worked example problems. (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. Likewise with statistics, the greater the number of samples, the more precise your results will be. In the situations in which the formulas don't apply, there are rules-of-thumb or other ways to come up with a number. Sensibly organized for quick reference, Statistical Rules of Thumb, Second Edition compiles simple rules that are widely applicable, robust, and elegant, and each captures key statistical concepts. 7- The greatest inferential mistake: "This event never happens in my market. Statistical Rules Of Thumb, part III: Always Visualize the Data http://abbottanalytics.blogspot.com/2011/11/statistical-rules-of-thumb-part-iii.html. You will build an instinctive inference that is more powerful than conventional statistics. This would also ensure confidence in the calibration employing the metrological and statistical practices recommended. Despite decades of careful data collection and mathematical and statistical research, on many large questions we have little more than rules of thumb. Statistical Rules of Thumb, part II · Rexer Analytics data mining survey · Predictive Models are not Statistical Models — JT . Taleb's rules of thumb on trader risk management, which I have quoted in full below. --- Sent from Zite personalized magazine iPad app. 6- Never let a day go by without studying the changes in the prices of all available trading instruments. Available for free in the App Store. Well, if we don't do a little statistics, then we don't know for sure, and we're just practicing faith-based marketing. A site dedicated to reporting out references for the common rules of thumb we often talk about but rarely remember who said it.