Amihud uses a statistical measure called "R-squared" to observe how much of active fund managers' returns can be explained simply by the index.
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As a scientist, he knew that the median was merely a statistical measure, signifying that half the patients lived this long and half did not.
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This is a statistical measure designed to show how well a school has helped its pupils progress since they arrived from primary school, taking into account their different starting points.
It is a bankers' poll, not a statistical measure.
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He needs a further 113 runs if he is out twice, or 73 if dismissed once, to finish with an average over 40 - the statistical measure of a good Test batsman.
For all the fanatical devotion to Apple among both customers and Wall Street analysts, the stock trades at what by almost any statistical measure appears to be an insanely low valuation.
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It did seem to extend survival in a clinical trial, but there was an 18% risk that the results were simply due to chance--a statistical measure that usually causes scientists to believe results are not necessarily true.
There are all sorts of new, modern statistical indexes to measure performance that now supplement batting average and runs batted in.
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This is a fancy way of saying that statistical significance is not the only way to measure risk.
However, as you go further out, to a five-year measure compiled by our staff's statistical aces, the picture blurs.
In other words that if the occurrence of something is abnormally high or abnormally low simply because of random variation, the statistical chances are that it will be much closer to the average the next time you measure it.
The football statistical outlet Football Outsiders rates Green-Ellis among the top backs in the league by one statistic it uses to measure how well backs perform on each play relative to the down and distance.
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