Statistics for Making Decisions
Statistics for Making Decisions Making decisions is a ubiquitous mental activity in our private and professional or public lives. Statistics for Making Decisions places decision making at the centre…
Specifikacia Statistics for Making Decisions
Statistics for Making Decisions
Making decisions is a ubiquitous mental activity in our private and professional or public lives. Statistics for Making Decisions places decision making at the centre of statistical inference, proposing its theory as a new paradigm for statistical practice. It entails choosing one course of action from an available shortlist of options.
Its conclusion is a course of action tailored to the perspective of the specific client or sponsor of the analysis. The analysis in this paradigm is earnest about prior information and the consequences of the various kinds of errors that may be committed. The author's intention is a wholesale replacement of hypothesis testing, indicting it with the argument that it has no means of incorporating the consequences of errors which self-evidently matter to the client.The volume appeals to the analyst who deals with the simplest statistical
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