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Next Dates: - Introduction to QuantLib Development with Luigi Ballabio, September 2 - 4, 2013 - £1700

 

Precision Competition

Mon, 05 Dec 2011 13:49:21 GMT

In a recent post I raised the point about the spurious degree of precision that is often encountered with reported regression results. So, here's a challenge for you - how many decimal places (or maybe significant digits) are appropriate when reporting OLS regression results? Of course, the answer will depend on the data that are used, and the precision to which they are available in the first place, so let's be specific. Consider the following sample of n = 10 observations: y...

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