Whenever I update The Capital Spectator Economic Trend Index (CS-ETI), as I did last week, someone usually asks how to interpret the data. In particular, how should we translate CS-ETI’s raw numbers ...
The search for objective analysis in the cause of making informed investment decisions is the Holy Grail of finance. Unfortunately, narrative risk continually threatens to derail us on our crucial ...
and is the normal probability function. This is the likelihood function for a binary probit model. This likelihood is strictly positive so that you can take a square root of and use this as your ...
This is a preview. Log in through your library . Abstract Quantal bioassay experiments relate the amount or potency of some compound; for example, poison, antibody, or drug to a binary outcome such as ...
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