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Displaying statistical point estimates using the leading-digit rule

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  • Wheyming Song
  • Bruce Schmeiser

Abstract

This article proposes a display format and associated procedure for reporting statistical point estimators and their precision in statistical experiments. For each estimator, two values are reported, separated by a semicolon. The first value is the reported point estimate, which omits meaningless digits, as defined by LDR(1), the previously published standard leading-digit rule. The second value is the reported standard error, which omits all digits after its leading digit. Three sometimes-conflicting criteria—(i) minimal loss of statistical information; (ii) minimal number of reporting positions required; and (iii) maximal appeal to all levels of user sophistication—were used to guide the creation of the leading-digit format for use when reporting many point estimates in tabular form.

Suggested Citation

  • Wheyming Song & Bruce Schmeiser, 2011. "Displaying statistical point estimates using the leading-digit rule," IISE Transactions, Taylor & Francis Journals, vol. 43(12), pages 851-862.
    • Handle: RePEc:taf:uiiexx:v:43:y:2011:i:12:p:851-862
    DOI: 10.1080/0740817X.2011.564601
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    Cited by:

    1. Tina Song, Wheyming & Lin, Peisyuan, 2018. "System reliability of stochastic networks with multiple reworks," Reliability Engineering and System Safety, Elsevier, vol. 169(C), pages 258-268.

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