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Record W2112892950 · doi:10.1093/lpr/mgp008

The effect of dependence between observations on the proper interpretation of statistical evidence

2008· article· en· W2112892950 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.

Bibliographic record

VenueLaw Probability and Risk · 2008
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicAuditing, Earnings Management, Governance
Canadian institutionsUniversity of Waterloo
FundersNational Science Foundation
KeywordsEconometricsStatisticsInitial public offeringGoodness of fitStatistical hypothesis testingParametric statisticsIndependence (probability theory)Value (mathematics)JuryStatistical significanceInterpretation (philosophy)Actuarial scienceEconomicsMathematicsPsychologyAccountingLawComputer sciencePolitical science

Abstract

fetched live from OpenAlex

In a recent securities law case, the statistical methods used by the regulator in analysing data on daily commissions and hypothetical profits from initial public offerings (IPOs) assumed that the data on consecutive days were independent. Consecutive observations in most business and economic data, however, are positively correlated. While statistical articles demonstrate that this type of dependence affects the distribution of virtually all statistics, including non-parametric and goodness-of-fit tests, the magnitude of the effect may not be fully appreciated. For example, in one comparison of commissions one broker received on days with an IPO to the days when no IPO was issued yielded a statistically significant p-value of 0.02, under the independence assumption. Accounting for serial correlation, the test actually had a non-significant p-value close to 0.09. Other examples of the effect of dependence include jury discrimination cases in locales where grand jurors can serve two consecutive terms as well as cases concerned with environmental pollution where measurements are spatially and temporally correlated. This paper describes the noticeable effect violations of the independence assumption can have on statistical inferences. The methods for correcting some standard non-parametric tests for serial correlation are also discussed.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.014
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMetaresearch
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.219
Threshold uncertainty score0.995

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.014
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.001
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.027
GPT teacher head0.238
Teacher spread0.210 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it