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dc.contributor.authorSingham, Dashi I.
dc.date.accessioned2015-08-21T22:42:16Z
dc.date.available2015-08-21T22:42:16Z
dc.date.issued2014
dc.identifier.citationD.I. Singham, 'Selecting stopping rules for confidence interval procedures," ACM Transactions on Modeling and Computer Simulation, Vol. 24, No. 3, Article 18, (July 2014), 18 p.
dc.identifier.urihttp://hdl.handle.net/10945/46168
dc.descriptionThe article of record as published may be located at http://dx.doi.org/10.1145/2627734en_US
dc.description.abstractThe sample size decision is crucial to the success of any sampling experiment. More samples imply better confidence and precision in the results, but require higher costs in terms of time, computing power, and money. Analysts often choose sequential stopping rules on an ad hoc basis to obtain confidence intervals with desired properties without requiring large sample sizes. However, the choice of stopping rule can affect the quality of the interval produced in terms of the coverage, precision, and replication cost. This article introduces methods for choosing and evaluating stopping rules for confidence interval procedures.We develop a general framework for assessing the quality of a broad class of stopping rules applied to independent and identically distributed data. We introduce coverage profiles that plot the coverage according to the stopping time and reveal situations when the coverage could be unexpectedly low. Finally, we recommend simple techniques for obtaining acceptable or optimal rules.en_US
dc.format.extent18 p.
dc.language.isoen_US
dc.publisherACM
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.titleSelecting stopping rules for confidence interval proceduresen_US
dc.typeArticleen_US
dc.contributor.corporateNaval Postgraduate School (U.S.)
dc.contributor.departmentOperations Research (OR)
dc.subject.authorConfidence interval proceduresen_US
dc.subject.authorSequential stopping rulesen_US
dc.subject.authorFinite-sample performanceen_US
dc.subject.authorCoverage profilesen_US


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