Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
The authors advocate the use of the generalized variance of the sample means-the determinant of the variance-covariance matrix $D(\overline{y})$ of the means-as a ...
Suppose that the sample of students described in the previous section was actually selected using stratified random sampling. In stratified sampling, the study population is divided into ...
In spatial surveys for estimating the density of objects in a survey region, systematic designs will generally yield lower variance than random designs. However, estimating the systematic variance is ...
The method of systematic random sampling (METHOD=SYS) selects units at a fixed interval throughout the sampling frame or stratum after a random start. PROC SURVEYSELECT chooses the first unit randomly ...
It’s a truism that even large samples can be misleading if they are biased or, as market and social researchers say, if they are not representative for the universe. Therefore, it is essential whether ...