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Methods and evaluations for surveillance in industry, business, finance, and public health

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  • Frisén, Marianne

    (Statistical Research Unit, Department of Economics, School of Business, Economics and Law, Göteborg University)

Abstract

An overview on surveillance in different areas is given. Even though methods have been developed under different scientific cultures, the statistical concepts can be the same. When the statistical problems are the same, progress in one area can be used also in other areas. The aim of surveillance is to detect an important change in an underlying process as soon as possible after the change has occurred. In practice, we have complexities such as gradual changes and multivariate settings. Approaches to handling some of these complexities are discussed. The correspondence between the measures for evaluation and the aims of the ap-plication is important. Thus, the choice of evaluation measure deserves attention. The com-monly used ARL criterion should be used with care.

Suggested Citation

  • Frisén, Marianne, 2011. "Methods and evaluations for surveillance in industry, business, finance, and public health," Research Reports 2011:3, University of Gothenburg, Statistical Research Unit, School of Business, Economics and Law.
    • Handle: RePEc:hhs:gunsru:2011_003
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    File URL: http://gupea.ub.gu.se/handle/2077/24394
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    References listed on IDEAS

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    Cited by:

    1. Ameur, Hachmi Ben & Han, Xuyuan & Liu, Zhenya & Peillex, Jonathan, 2022. "When did global warming start? A new baseline for carbon budgeting," Economic Modelling, Elsevier, vol. 116(C).
    2. Frisén, Marianne, 2011. "Inference Principles For Multivariate Surveillance," Research Reports 2011:5, University of Gothenburg, Statistical Research Unit, School of Business, Economics and Law.

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    More about this item

    Keywords

    expected delay; gradual change; likelihood ratio; monitoring; multivariate surveillance;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General

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