Inference for econometric modeling in antidumping, countervailing duty and safeguard investigations

2009 ◽  
Vol 8 (4) ◽  
pp. 545-557 ◽  
Author(s):  
JAMES J. FETZER
Keyword(s):  
Confidence Intervals ◽  
Econometric Models ◽  
Econometric Modeling ◽  
P Values ◽  
Flexible Approach ◽  
Fixed Level ◽  
Point Estimates ◽  
Level Of Confidence ◽  
Significance Levels

AbstractThis paper examines how to make inferences from econometric models prepared for antidumping, countervailing duty, and safeguard investigations. Analysis of these models has typically entailed drawing inferences from point estimates that are significantly different from zero at a fixed level of confidence. This paper suggests a more flexible approach of drawing inferences using confidence intervals at various significance levels and reporting p-values for the relevant test of injury. Use of confidence intervals and p-values to identify insights and data patterns would have more impact on USITC trade remedy determinations than definitive conclusions about injury based on whether estimates are statistically significant.

scholarly journals Visualization Strategies for Regression Estimates with Randomization Inference

2019 ◽  
Author(s):  
Marshall A. Taylor
Keyword(s):  
Confidence Interval ◽  
Confidence Intervals ◽  
Regression Models ◽  
Statistical Significance ◽  
Permutation Tests ◽  
P Value ◽  
P Values ◽  
Alpha Level ◽  
Significance Levels ◽  
Nonprobability Sample

Coefficient plots are a popular tool for visualizing regression estimates. The appeal of these plots is that they visualize confidence intervals around the estimates and generally center the plot around zero, meaning that any estimate that crosses zero is statistically non-significant at at least the alpha-level around which the confidence intervals are constructed. For models with statistical significance levels determined via randomization models of inference and for which there is no standard error or confidence intervals for the estimate itself, these plots appear less useful. In this paper, I illustrate a variant of the coefficient plot for regression models with p-values constructed using permutation tests. These visualizations plot each estimate's p-value and its associated confidence interval in relation to a specified alpha-level. These plots can help the analyst interpret and report both the statistical and substantive significance of their models. Illustrations are provided using a nonprobability sample of activists and participants at a 1962 anti-Communism school.

scholarly journals Visualization strategies for regression estimates with randomization inference

2020 ◽  
Vol 20 (2) ◽  
pp. 309-335
Author(s):  
Marshall A. Taylor
Keyword(s):  
Confidence Interval ◽  
Confidence Intervals ◽  
Regression Models ◽  
Statistical Significance ◽  
Permutation Tests ◽  
P Value ◽  
P Values ◽  
Alpha Level ◽  
Significance Levels ◽  
Nonprobability Sample

Coefficient plots are a popular tool for visualizing regression estimates. The appeal of these plots is that they visualize confidence intervals around the estimates and generally center the plot around zero, meaning that any estimate that crosses zero is statistically nonsignificant at least at the alpha level around which the confidence intervals are constructed. For models with statistical significance levels determined via randomization models of inference and for which there is no standard error or confidence intervals for the estimate itself, these plots appear less useful. In this article, I illustrate a variant of the coefficient plot for regression models with p-values constructed using permutation tests. These visualizations plot each estimate’s p-value and its associated confidence interval in relation to a specified alpha level. These plots can help the analyst interpret and report the statistical and substantive significances of their models. I illustrate using a nonprobability sample of activists and participants at a 1962 anticommunism school.

scholarly journals Statistical Significance, p-Values, and the Reporting of Uncertainty

2021 ◽  
Vol 35 (3) ◽  
pp. 157-174
Author(s):  
Guido W. Imbens
Keyword(s):  
Confidence Intervals ◽  
Publication Bias ◽  
Statistical Methods ◽  
Statistical Significance ◽  
Empirical Work ◽  
Summary Statistics ◽  
Primary Interest ◽  
P Values ◽  
Replication Studies ◽  
Point Estimates

The use of statistical significance and p-values has become a matter of substantial controversy in various fields using statistical methods. This has gone as far as some journals banning the use of indicators for statistical significance, or even any reports of p-values, and, in one case, any mention of confidence intervals. I discuss three of the issues that have led to these often-heated debates. First, I argue that in many cases, p-values and indicators of statistical significance do not answer the questions of primary interest. Such questions typically involve making (recommendations on) decisions under uncertainty. In that case, point estimates and measures of uncertainty in the form of confidence intervals or even better, Bayesian intervals, are often more informative summary statistics. In fact, in that case, the presence or absence of statistical significance is essentially irrelevant, and including them in the discussion may confuse the matter at hand. Second, I argue that there are also cases where testing null hypotheses is a natural goal and where p-values are reasonable and appropriate summary statistics. I conclude that banning them in general is counterproductive. Third, I discuss that the overemphasis in empirical work on statistical significance has led to abuse of p-values in the form of p-hacking and publication bias. The use of pre-analysis plans and replication studies, in combination with lowering the emphasis on statistical significance may help address these problems.

Flexible Two-Stage Designs: An Overview

2001 ◽  
Vol 40 (02) ◽  
pp. 117-121 ◽  
Author(s):  
W. Brannath ◽  
M. Posch ◽  
P. Bauer
Keyword(s):  
Confidence Intervals ◽  
Sequential Designs ◽  
Two Stage ◽  
P Values ◽  
Interim Analyses ◽  
Flexible Approach ◽  
Error Functions ◽  
Unbiased Estimates ◽  
Basic Ideas

AbstractIn this overview we introduce the basic ideas behind a new flexible approach in sequential designs. The different concepts based on two-stage combination tests and conditional error functions are brought together. We sketch the construction of p-values, confidence intervals, and median unbiased estimates. Finally, recursive combination tests are introduced which extend the flexibility to the choice of the number of interim analyses.

scholarly journals Cavalier Use of Inferential Statistics Is a Major Source of False and Irreproducible Scientific Findings

Mathematics ◽  
2021 ◽  
Vol 9 (6) ◽  
pp. 603
Author(s):  
Leonid Hanin
Keyword(s):  
Sample Size ◽  
Gaussian Approximation ◽  
Statistical Significance ◽  
Statistical Analyses ◽  
Random Sample Size ◽  
P Values ◽  
The Central Limit Theorem ◽  
Fixed Sample ◽  
Large Numbers ◽  
Significance Levels

I uncover previously underappreciated systematic sources of false and irreproducible results in natural, biomedical and social sciences that are rooted in statistical methodology. They include the inevitably occurring deviations from basic assumptions behind statistical analyses and the use of various approximations. I show through a number of examples that (a) arbitrarily small deviations from distributional homogeneity can lead to arbitrarily large deviations in the outcomes of statistical analyses; (b) samples of random size may violate the Law of Large Numbers and thus are generally unsuitable for conventional statistical inference; (c) the same is true, in particular, when random sample size and observations are stochastically dependent; and (d) the use of the Gaussian approximation based on the Central Limit Theorem has dramatic implications for p-values and statistical significance essentially making pursuit of small significance levels and p-values for a fixed sample size meaningless. The latter is proven rigorously in the case of one-sided Z test. This article could serve as a cautionary guidance to scientists and practitioners employing statistical methods in their work.

scholarly journals A Frequentist Alternative to Significance Testing, p-Values, and Confidence Intervals

Econometrics ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 26 ◽  
Author(s):  
David Trafimow
Keyword(s):  
Present Article ◽  
Confidence Intervals ◽  
Null Hypothesis ◽  
A Priori ◽  
Significance Testing ◽  
Population Parameters ◽  
Null Hypothesis Significance Testing ◽  
P Values ◽  
Statistical Procedures ◽  
Major Section

There has been much debate about null hypothesis significance testing, p-values without null hypothesis significance testing, and confidence intervals. The first major section of the present article addresses some of the main reasons these procedures are problematic. The conclusion is that none of them are satisfactory. However, there is a new procedure, termed the a priori procedure (APP), that validly aids researchers in obtaining sample statistics that have acceptable probabilities of being close to their corresponding population parameters. The second major section provides a description and review of APP advances. Not only does the APP avoid the problems that plague other inferential statistical procedures, but it is easy to perform too. Although the APP can be performed in conjunction with other procedures, the present recommendation is that it be used alone.

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