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The paper discusses the problem of a fallible auditor who assesses the values of sampled records, but may make mistakes.To detect these mistakes, a subsample of the checked elements is checked again, now by an infallible expert. We propose a model for this kind of double check, which takes into...
Persistent link: https://www.econbiz.de/10011092460
Multivariate regression is discussed, where the observations of the dependent variables are (monotone) missing completely at random; the explanatory variables are assumed to be completely observed.We discuss OLS-, GLS- and a certain form of E(stimated) GLS-estimation.It turns out that...
Persistent link: https://www.econbiz.de/10011092506
We consider multivariate regression where new dependent variables are consecutively added during the experiment (or in time).So, viewed at the end of the experiment, the number of observations decreases with each added variable. The explanatory variables are observed throughout.In a previous...
Persistent link: https://www.econbiz.de/10011092708
Auditing a large population of recorded values is usually done by means of sampling.Based on the number of incorrect records that is detected in the sample, a point estimate and a confidence limit for the population fraction of incorrect values can be determined.In general it is (implicitly)...
Persistent link: https://www.econbiz.de/10011092902
Persistent link: https://www.econbiz.de/10011092864
Persistent link: https://www.econbiz.de/10005932853
Wilks' lambda and the corresponding Wilks' distribution are well known concepts in testing in multivariate regression models.The topic of this paper is a generalization of the Wilks distribution.This generalized Wilks' distribution is relevant for testing in multivariate regression models with...
Persistent link: https://www.econbiz.de/10011090993
An interesting aspect of games is the relative extent to which a player can positively influence his results by making appropriate strategic choices. This question is closely related to the issue of how to distinguish between games of skill and games of chance. The distinction between these two...
Persistent link: https://www.econbiz.de/10011090515
AMS classifications: 90D05, 90D10.
Persistent link: https://www.econbiz.de/10011090598
In several jurisdictions, commercially exploiting a game of chance (rather than skill) is subject to a licensing regime. It is obvious that roulette is a game of chance and chess a game of skill, but the law does not provide a precise description of where the boundary between the two classes is...
Persistent link: https://www.econbiz.de/10011091870