[EMAIL PROTECTED] wrote:
>
>
> More importantly, I would say: DON'T DO TESTS. Instead, try to find
> models that you would be prepared to use to predict the response
> in as-yet untried circumstances.
> --
Hypothesis testing is simply one useful method of identifying 'models
that you would be prepared to use to predict the response
in as-yet untried circumstances.'
Any method has to use past experience ('sample data') to identify models
and choose between them.
Hypothesis testing is restricted in its use, but within its limitations
it is very useful.
Alan
--
Alan McLean ([EMAIL PROTECTED])
Department of Econometrics and Business Statistics
Monash University, Caulfield Campus, Melbourne
Tel: +61 03 9903 2102 Fax: +61 03 9903 2007
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