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 ...

A statistical test that allows one to determine whether observed quantities of a specific characteristic differed from the expected value purely by chance.

The chi-square test, likelihood ratio test, and other goodness of fit tests in a family are shown to have monotonic power functions, and hence are unbiased, for testing a simple hypothesis that all ...

This is a preview. Log in through your library . Abstract We propose a Bayesian chi-squared model diagnostic for analysis of data subject to censoring. The test statistic has the form of Pearson's chi ...