“[The George E. P. Box paper Fitting empirical data (1960) is] a mature exposition of an important branch of statistics, to which the author has made great contributions. One feature of particular interest is practical discussion of genuinely nonlinear fitting problems and their solution with the help of tact and a special, publicly available, IBM-704 program. Another is insightful comments on the role of prior distributions in statistics.”

— Leonard Jimmie Savage

Leonard Jimmie Savage in 1960s; cited in: JOC/EFR (2006) " George Edward Pelham Box http://www-history.mcs.st-and.ac.uk/Biographies/Box.html" at history.mcs.st-and.ac.uk, Nov 2006.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "[The George E. P. Box paper Fitting empirical data (1960) is] a mature exposition of an important branch of statistics,…" by Leonard Jimmie Savage?

Leonard Jimmie Savage 3

American mathematician 1917–1971

Related quotes

“A nonlinear differential equation of the Riccati type is derived for the covariance matrix of the optimal filtering error. The solution of this 'variance equation' completely specifies the optimal filter for either finite or infinite smoothing intervals and stationary or non-stationary statistics.
The variance equation is closely related to the Hamiltonian (canonical) differential equations of the calculus of variations. Analytic solutions are available in some cases. The significance of the variance equation is illustrated by examples which duplicate, simplify, or extend earlier results in this field.
The duality principle relating stochastic estimation and deterministic control problems plays an important role in the proof of theoretical results. In several examples, the estimation problem and its dual are discussed side-by-side.
Properties of the variance equation are of great interest in the theory of adaptive systems. Some aspects of this are considered briefly.”

Rudolf E. Kálmán (1930–2016) Hungarian-born American electrical engineer

Source: New results in linear filtering and prediction theory (1961), p. 95 Article summary; cited in: " Rudolf E. Kálmán http://www-history.mcs.st-andrews.ac.uk/Biographies/Kalman.html", MacTutor History of Mathematics archive, 2010

“An important object of the Journal should be the publication of papers dealing with attempts at statistical verification of the laws of economic theory, and further the publication of papers dealing with the purely abstract problems of quantitative economics, such as problems in the quantitative definition of the fundamental concepts of economics and problems in the theory of economic equilibrium.
The term equilibrium theory is here interpreted as including both the classical equilibrium theory proceeding on the lines of Walras, Pareto, and Marshall, and the more general equilibrium theory which is now beginning to grow out of the classical equilibrium theory, partly through the influence of the modern study of economic statistics. Taken in this broad sense the equilibrium problems include virtually all those fundamental problems of production, circulation, distribution and consumption, which can be made the object of a quantitative study. More precisely: The equilibrium theory in the sense here used is a body of doctrines that treats all these problems from a certain point of view, which is contrasted on one side with the verbal treatment of economic problems and on the other side with the purely empirical-statistical approach to economic problems”

Ragnar Frisch (1895–1973) Norwegian economist

Frisch (1927). as quoted in: Bjerkholt, Olav, and Duo Qin. A Dynamic Approach to Economic Theory: The Yale Lectures of Ragnar Frisch. Routledge, 2010: About "Oekonometrika"
1920

“This paper reviews prior applications of ) between 1977 and 1994. After documenting and characterizing the number of applications over time, we discuss important methodological issues related to structural equation modeling and assess the quality of previous applications in terms of three aspects: issues related to the initial specification of theoretical models of interest; issues related to data screening prior to model estimation and testing; and issues related to the estimation and testing of theoretical models on empirical data. On the basis of our findings, we identify problem areas and suggest avenues for improvement.”

Christian Homburg (1962) German academic

Article abstract
"Applications of structural equation modeling in marketing and consumer research", 1996

“It is common to think of statistical graphics and data visualization as relatively modern developments in statistics. In fact, the graphic representation of quantitative information has deep roots. These roots reach into the histories of the earliest map-making and visual depiction, and later into thematic cartography, statistics and statistical graphics, medicine, and other fields. Along the way, developments in technologies (printing, reproduction) mathematical theory and practice, and empirical observation and recording, enabled the wider use of graphics and new advances in form and content.”

Michael Friendly (1945) American psychologist

Michael Friendly. " A brief history of data visualization http://www.datavis.ca/papers/hbook.pdf at datavis.ca, March 21, 2006.

“In complexity economics one is not searching out the truth; one is simply searching for a statistical fit that can be temporarily useful in our understanding of the economy.”

David Colander (1947) American economist

David Colander, Complexity and the History of Economic Thought, Routledge, London and New York, 2000, p. 6.
2000s

“To take the place of emigration, and with the prior approval of the Führer, the evacuation of the Jews to the East has become another possible solution. Although both courses of action emigration and evacuation, must, of course, be considered as nothing more than… temporary expedients, they do help to provide practical experience which should be of great importance in view of the coming Endlösung (Final Solution) of the Jewish question.”

Reinhard Heydrich (1904–1942) German Nazi official during World War II

Speech at the Wannsee Conference, Berlin, (20 January 1942), as quoted in Why Did the Heavens Not Darken : The "Final Solution (1990) by A. J. Mayer, p. 304

“[Neoinstitutional Economics…] theory has made an indispensable contribution in recent times to advances of understanding in this area. But it seems to me that in the economics of institutions theory is now outstripping empirical research to an excessive extent. No doubt the same could be said of other fields in economics, but there is a particular point about this one. Theoretical modelling may or may not be more difficult in this field than in others, but empirical work is confronted by a special difficulty. Because economic institutions are complex, they do not lend themselves easily to quantitative measurement. Even in the respects in which they do, the data very often are not routinely collected by national statistical offices. As a result, the statistical approach which has become the bread and butter of applied economics is not straightforwardly applicable. Examples of it do exist, the literature on the economics of slavery being perhaps the most fully developed - not surprisingly because slavery is an institution that is sharply defined. But to a large extent the empirical literature has consisted of case-studies which are interesting but not necessarily representative, together with a certain amount on legal court cases, which are almost certainly not representative. Is this the best we can do? There is a challenge here on the empirical side to economists to see what is the best way forward.”

R. C. O. Matthews (1927–2010) British economist

“The main interest of physical statistics lies in fact not so much in the distribution of the phenomena in space, but rather in their succession in time.”

Richard von Mises (1883–1953) Austrian physicist and mathematician

Sixth Lecture, Statistical Problems in Physics, p. 187
Probability, Statistics And Truth - Second Revised English Edition - (1957)

“The solution of important problems may be delayed because the requisite tools are not perceived. Or the availability of certain tools may lead to an awareness of problems, important or not, that can be solved with their help.”

Tjalling Koopmans (1910–1985) Dutch American economist

Source: Three Essays (1957), p. 170

“A time series is a sequence of observations, usually ordered in time, although in some cases the ordering may be according to another dimension. The feature of time series analysis which distinguishes it from other statistical analysis is the explicit recognition of the importance of the order in which the observations are made. While in many problems the observations are statistically independent, in time series successive observations may be dependent, and the dependence may depend on the positions in the sequence. The nature of a series and the structure of its generating process also may involve in other ways the sequence in which the observations are taken.”

Theodore Wilbur Anderson (1918–2016) American statistician

T. W. Anderson. The Statistical Analysis of Time Series http://books.google.com/books?hl=nl&lr=&id=rCOzXIC8ZLkC&oi=fnd&pg=PR11, (1971/2011), p. 1. Introduction; Cited in: American Sociological Association (1974), Sociological Methodology, p. 310

Help us to complete the source, original and additional information

Leonard Jimmie Savage 3

Related quotes

Related topics