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Big data and precision (2015)

Cox, D. R.

Oxford University Press

In: Biometrika

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Publication Date: 2015-08-21

Description: So-called big data are likely to have complex structure, in particular implying that estimates of precision obtained by applying standard statistical procedures are likely to be misleading, even if the point estimates of parameters themselves may be reasonably satisfactory. While this possibility is best explored in the context of each special case, here we outline a fairly general representation of the accretion of error in large systems and explore the possible implications for the estimation of regression coefficients. The discussion raises issues broadly parallel to the distinction between short-range and long-range dependence in time series theory.

Print ISSN: 0006-3444

Electronic ISSN: 1464-3510

Topics: Biology , Mathematics , Medicine

Published by Oxford University Press

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