scholarly journals A SUITABLE BAYESIAN APPROACH IN TESTING POINT NULL HYPOTHESIS: SOME EXAMPLES REVISITED

2002 ◽  
Vol 31 (2) ◽  
pp. 201-217 ◽  
Author(s):  
Miguel A. Gómez-Villegas ◽  
Paloma Maín ◽  
Luis Sanz
Keyword(s):  
Bayesian Approach ◽  
Null Hypothesis ◽  
Point Null Hypothesis

scholarly journals With Bayesian Estimation One Can Get All That Bayes Factors Offer, and More

2019 ◽  
Author(s):  
Henk Kiers ◽  
Jorge Tendeiro
Keyword(s):  
Probability Density Function ◽  
Probability Density ◽  
Bayesian Estimation ◽  
Density Function ◽  
Null Hypothesis ◽  
Posterior Odds ◽  
Close Link ◽  
Posterior Odds Ratio ◽  
Spike And Slab Prior ◽  
Point Null Hypothesis

Null Hypothesis Bayesian Testing (NHBT) has been proposed as an alternative to Null Hypothesis Significance Testing (NHST). Whereas NHST has a close link to parameter estimation via confidence intervals, such a link of NHBT with Bayesian estimation via a posterior distribution is less straightforward, but does exist, and has recently been reiterated by Rouder, Haaf, and Vandekerckhove (2018). It hinges on a combination of a point mass probability and a probability density function as prior (denoted as the spike-and-slab prior). In the present paper it is first carefully explained how the spike-and-slab prior is defined, and how results can be derived for which proofs were not given in Rouder et al. (2018). Next, it is shown that this spike-and-slab prior can be approximated by a pure probability density function with a rectangular peak around the center towering highly above the remainder of the density function. Finally, we will indicate how this ‘hill-and-chimney’ prior may in turn be approximated by fully continuous priors. In this way it is shown that NHBT results can be approximated well by results from estimation using a strongly peaked prior, and it is noted that the estimation itself offers more than merely the posterior odds ratio on which NHBT is based. Thus, it complies with the strong APA requirement of not just mentioning testing results but also offering effect size information. It also offers a transparent perspective on the NHBT approach employing a prior with a strong peak around the chosen point null hypothesis value.

scholarly journals Interval-Based Hypothesis Testing and Its Applications to Economics and Finance

Econometrics ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 21
Author(s):  
Jae H. Kim ◽  
Andrew P. Robinson
Keyword(s):  
Hypothesis Testing ◽  
Null Hypothesis ◽  
Medical Science ◽  
Point Of View ◽  
Economic Time Series ◽  
New Era ◽  
Null Hypothesis Testing ◽  
Point Null Hypothesis ◽  
Economic Time ◽  
Linear Restrictions

This paper presents a brief review of interval-based hypothesis testing, widely used in bio-statistics, medical science, and psychology, namely, tests for minimum-effect, equivalence, and non-inferiority. We present the methods in the contexts of a one-sample t-test and a test for linear restrictions in a regression. We present applications in testing for market efficiency, validity of asset-pricing models, and persistence of economic time series. We argue that, from the point of view of economics and finance, interval-based hypothesis testing provides more sensible inferential outcomes than those based on point-null hypothesis. We propose that interval-based tests be routinely employed in empirical research in business, as an alternative to point null hypothesis testing, especially in the new era of big data.

Discerning responses of down wood and understory vegetation abundance to riparian buffer width and thinning treatments: an equivalence–inequivalence approach

2009 ◽  
Vol 39 (12) ◽  
pp. 2470-2485 ◽  
Author(s):  
Paul D. Anderson ◽  
Mark A. Meleason
Keyword(s):  
Pseudotsuga Menziesii ◽  
Null Hypothesis ◽  
Structural Complexity ◽  
Riparian Buffers ◽  
Shrub Cover ◽  
Equivalence Tests ◽  
Second Growth ◽  
Point Null Hypothesis ◽  
Buffer Width ◽  
Small Wood

The combined effectiveness of thinning and riparian buffers for increasing structural complexity while maintaining riparian function in second-growth forests is not well documented. We surveyed down wood and vegetation cover along transects from stream center, through buffers ranging from <5 to 150 m width into thinned stands, patch openings, or unthinned stands of 40- to 65-year-old Douglas-fir ( Pseudotsuga menziesii (Mirb.) Franco) forests in western Oregon, USA. Small-wood cover became more homogeneous among stream reaches within 5 years following thinning, primarily due to decreases for reaches having the greatest pretreatment abundance. Mean shrub cover converged, predominantly because of decreases in patch openings. Herbaceous cover increased, particularly in patch openings. Relative to unthinned stands, herbaceous cover was similar in wide buffers and increased in the narrowest buffers and in narrow buffers adjacent to patch openings. Moss cover tended to increase in thinned areas and decrease in patch openings. Both conventional point-null hypothesis tests and inequivalence tests suggested that wood and vegetation responses within buffers of ≥15 m width were insensitive to the treatments. However, inherently conservative equivalence tests infrequently inferred similarity between thinned stands or buffers and untreated stands. Difficulties defining ecologically important effect size can limit the inferential utility of equivalence–inequivalance testing.

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