1,306 research outputs found
A note on p-values interpreted as plausibilities
P-values are a mainstay in statistics but are often misinterpreted. We
propose a new interpretation of p-value as a meaningful plausibility, where
this is to be interpreted formally within the inferential model framework. We
show that, for most practical hypothesis testing problems, there exists an
inferential model such that the corresponding plausibility function, evaluated
at the null hypothesis, is exactly the p-value. The advantages of this
representation are that the notion of plausibility is consistent with the way
practitioners use and interpret p-values, and the plausibility calculation
avoids the troublesome conditioning on the truthfulness of the null. This
connection with plausibilities also reveals a shortcoming of standard p-values
in problems with non-trivial parameter constraints.Comment: 13 pages, 1 figur
Random sets and exact confidence regions
An important problem in statistics is the construction of confidence regions
for unknown parameters. In most cases, asymptotic distribution theory is used
to construct confidence regions, so any coverage probability claims only hold
approximately, for large samples. This paper describes a new approach, using
random sets, which allows users to construct exact confidence regions without
appeal to asymptotic theory. In particular, if the user-specified random set
satisfies a certain validity property, confidence regions obtained by
thresholding the induced data-dependent plausibility function are shown to have
the desired coverage probability.Comment: 14 pages, 2 figure
- …