Steve Miller wrote anarticlea couple weeks ago on using Bayesian statistics for risk management. He describes his friend receiving a positive test on a serious medical condition and being worried. He then goes on to show why his friend needn’t be worried, because statistically there was a low...
tomography by means of intraclass correlation coefficients but did not give descriptive statistics for these comparisons [54]. Their data could possibly have been useful as prior information for one of our local studies [55], but the necessary information for doing so was simply not available to ...
Table 7. Hourly elasticity, summary statistics. Table 8. Monthly average elasticity, peak/off-peak. These conclusions are reinforced by analyzing quarterly aggregation of the estimated elasticities (Table 9). Notice that off-peak values are generally higher than peak values in the first, third,...