JD Supra

OFCCP Issues FAQ Guidance on Selection Tools, Practical Significance, and Independent Contractors

One FAQ released this week discusses the validation of employee selection procedures and, most notably, how OFCCP will assess the validity of selection tools built on AI and other “‘new technology’ ...
JD Supra

What is Statistical Significance and How is It Applied to “Redlining” for Banks?

Many bankers hear the term “Statistical Significance” but don’t know what it means and how it is relevant to potential fair lending violations. Typically, when an examiner is evaluating if a bank is ...
CU Boulder News & Events

Statistical Significance" and Statistical Reporting: Moving Beyond Binary

McShane, Blakeley B.; Bradlow, Eric T.; Lynch Jr., John G.; Meyer, Robert J. "Statistical Significance" and Statistical Reporting: Moving Beyond Binary. Journal of ...
Kellogg School of Management

Selecting on Statistical Significance and Practical Importance Is Wrong

Citations: McShane, Blake, Andrew Gelman. 2022. Selecting on Statistical Significance and Practical Importance Is Wrong. Journal of Information Technology. (3)312-315.
JSTOR Daily

Statistical Significance Is Not a "Kosher Certificate" for Observed Effects: A Critical Analysis of the Two-Step Approach to the Evaluation of Empirical Results

In order to prevent misleading conclusions based on spurious observed effects--especially seductively large ones--Robinson and Levin (1997) suggested a two-step approach to the reporting and ...