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Ratio Edits Based on Statistical Tolerance Intervals Cover

Ratio Edits Based on Statistical Tolerance Intervals

By: Derek S. Young and  Thomas Mathew  
Open Access
|Mar 2015

Abstract

The role of statistical tolerance intervals for developing ratio edit tolerances in a parametric setup is investigated. The performance of the methodology is assessed for the normal and Weibull distributions. The numerical results show that in terms of Type I and Type II errors, statistical tolerance intervals exhibit better performance compared to other ratio edit procedures available in the literature. The methodology is illustrated using 2010 and 2011 data from the Annual Survey of Manufacturers.

Language: English
Page range: 77 - 100
Submitted on: Aug 1, 2013
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Accepted on: Jun 1, 2014
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Published on: Mar 1, 2015
Published by: Sciendo
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2015 Derek S. Young, Thomas Mathew, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.