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In statistics, regression toward the mean is the phenomenon where if one sample of a random variable is extreme, the next sampling of the same random variable is likely to be closer to its mean. Furthermore, when many random variables are sampled and the most extreme results are intentionally picked out, it refers to the fact that a second sampling of these picked-out variables will result in "less extreme" results, closer to the initial mean of all of the variables.
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References
- ↑ Kotz, Samuel; Johnson, Norman Lloyd; Read, Campbell B. (1985). Encyclopedia of Statistical Sciences, Lindberg Conditions to Multitrait-Multimethod Matrices. Wiley. p. 496. ISBN 978-0-471-05552-5.
- ↑ "The Statistical Research Group of World War II".
- ↑ Hammond, Claire and Daniel (2006). Making Chicago Price Theory: Friedman-Stigler Correspondence 1945-1957. Routledge. ISBN 9781135994303.
- ↑ Revolution in United States Government Statistics, 1926-1976. Department of Commerce, Office of Federal Statistical Policy and Standards. 1978.
- 1 2 Wallis, W. Allen (1980). "The Statistical Research Group 1942-1945". Journal of the American Statistical Association. 75 (370): 320–330. doi:10.2307/2287451. JSTOR 2287451.
- ↑ Cord, Robert (2016). Milton Friedman: Contributions to Economics and Public Policy. Oxford University Press. ISBN 978-0-19-100942-6.