In the early 20 th century, Guinness breweries in Dublin had a policy of hiring the best graduates from Oxford and Cambridge to improve their industrial processes. At the time, it was considered a ...

Hypothesis testing is a formal procedure for investigating our ideas about the world using statistics. It is most often used by researchers to test predictions, called hypotheses. The first step in ...

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 ...

It can be difficult to know what analysis to perform on your dataset. This page is designed to help you. Finally, you will need to know about some specific analyses, what they are designed to do and ...

What is the chi-squared test? The chi-squared test, often written as χ 2 test, is a statistical hypothesis test used in the analysis of categorical variables to determine whether observed data are ...

Confidence intervals and hypothesis tests are directly linked. Confidence intervals can be used to check the reasonableness of claims about the parameter. If someone claims the parameter is equal to ...

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 ...

In this article, we assume that categorical data are distributed according to a multinomial distribution whose probabilities follow a loglinear model. The inference problem we consider is that of ...