Performing Multiple 'Simple Hypothesis Tests'
Posted: Thu May 07, 2015 7:00 am
Dear Forum,
I'm trying to find a way to streamline 72 mean/median=0 series distribution tests that I need to perform.
I need to determine for 4 variables (call them centrality measures) if their mean and median returns differ significantly from 0.
Each one of these 4 variables has to be split into subsamples (<1st quartile, between 1 and 3 quartile, >3rd quartile)
I have 3 types of returns (acquiror, target, and combined).
To summarize. For each subsample(3) (quartile) of each centrality variable (4) , i need to perfom a mean= 0 and median=o test (2) of each one of the 3 types of returns.
This amounts to 3x4x2x3=72 tests.
Up till now i have done it manually in this fashion: I create a sample of the 1st quartile of one of the centrality measure and perform a t-test for this sample for mean/median and then proceed to the next one.
This is very long and tedious however and I was wondering if there is any way to do this faster?
Many Thanks in Advance!,
ConstantijnCrans
I'm trying to find a way to streamline 72 mean/median=0 series distribution tests that I need to perform.
I need to determine for 4 variables (call them centrality measures) if their mean and median returns differ significantly from 0.
Each one of these 4 variables has to be split into subsamples (<1st quartile, between 1 and 3 quartile, >3rd quartile)
I have 3 types of returns (acquiror, target, and combined).
To summarize. For each subsample(3) (quartile) of each centrality variable (4) , i need to perfom a mean= 0 and median=o test (2) of each one of the 3 types of returns.
This amounts to 3x4x2x3=72 tests.
Up till now i have done it manually in this fashion: I create a sample of the 1st quartile of one of the centrality measure and perform a t-test for this sample for mean/median and then proceed to the next one.
This is very long and tedious however and I was wondering if there is any way to do this faster?
Many Thanks in Advance!,
ConstantijnCrans