Investopedia

Sampling Errors in Statistics: Definition, Types, and Calculation

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Kellogg School of Management

The Fundamental Concept

Consider a population of 70 individuals, for which you wish to estimate the mean annual income, μ. Assume that you have decided to use the following estimation procedure to make your estimate: simple ...
JSTOR Daily

Statistical Error Decomposition of Regional-Scale Climatological Precipitation Estimates from the Tropical Rainfall Measuring Mission (TRMM)

Journal of Applied Meteorology and Climatology, Vol. 46, No. 6 (June 2007), pp. 791-813 (23 pages) ABSTRACT Monthly rainfall estimates inferred from the NASA Tropical Rainfall Measuring Mission (TRMM) ...
The New York Times

We Gave Four Good Pollsters the Same Raw Data. They Had Four Different Results.

How four pollsters, and The Upshot, interpreted 867 poll responses: You’ve heard of the “margin of error” in polling. Just about every article on a new poll ...
JSTOR Daily

MULTIPLE HYPOTHESIS TESTS CONTROLLING GENERALIZED ERROR RATES FOR SEQUENTIAL DATA

The γ-FDP and k-FWER multiple testing error metrics, which are tail probabilities of the respective error statistics, have become popular recently as alternatives to ...