With so many cheap stocks to choose from in 2009, even value managers who didn't want to buy financials could easily build a portfolio full of cheap stocks and wait
for regression to the mean.
Not exact matches
Either it'll be a new normal
for the player (which is not predictable) or it'll be a
regression to the
mean.
A home - heavy schedule, excellent basketball by Bradley prior
to an enormous
regression to the
mean, excellent basketball from Tobias before a similar but substantially smaller
regression, hot shooting by Tolliver, Ish (
for him) and Galloway, an offense that opponents hadn't already totally figured out, and overall solid health (sans perhaps Bradley's pre-absence groin injury, which was of unspecified severity).
But considering how poor this unit was
for much of the year, we'll assume improvement, from a progression -
to - the -
mean standpoint, is more likely than
regression.
We also estimated relative indices of inequality (RII) and slope indices of inequality (SII) as summary measures of relative and absolute inequalities of breastfeeding outcomes, respectively, across the entire distribution of maternal education.24
For child IQ, linear
regression analyses using GEEs were performed
to estimate
mean IQ differences in lower maternal education from the reference category in each intervention group and compared between the groups.
Funnel plots, the Egger (weighted
regression) test, and the Begg and Mazumdar (rank correlation) tests
for funnel plot asymmetry were conducted
to examine the relation between sample size and observed
mean differences in blood pressure by infant feeding group (21).
After log - transforming total IgE, linear
regression was used
to estimate geometric
mean ratios
for IgE; confidence limits were calculated using Huber variances.
It may be harder
to code and analyze essays about paintings than
to run another value - added
regression on the math and reading scores that the centralized authorities have collected
for us, but that doesn't
mean it's any less important.
These coefficients differ from the
mean special education rates in Figure 1 because they refer
to differences from the
mean for whites, the excluded group in the
regressions.
Another potential explanation
for the exceptional gains made by schools facing voucher competition is that their extremely low initial scores are affected by a statistical tendency called «
regression to the
mean.»
Or perhaps a flood of new investment capital over the last decade or so has produced a lofty ending valuation, which has yet
to mean revert, 12 and which would lead the
regression to underestimate the true power of valuation
for the low beta factor.
«
Regression to the
mean is the most powerful law in financial physics: Periods of above - average performance are inevitably followed by below - average returns, and bad times inevitably set the stage
for surprisingly good performance.»
For instance, a reasonable expectation based on forward price -
to - earnings data might be a 25 % bearish downturn whenever
regression to the
mean comes
to pass.
This tendency
for trends
to flip with the passage of time is called
regression to the
mean.
Perhaps it's my age (I remember when I had do do linear
regressions with a pencil and paper
for the sums, and a slide rule
to help with the squares and square roots), but a fundamental principle of a linear least squares
regression is that the best fit line passes through the point represented by the
mean X and
mean Y values.
I have linearly extended the ensemble
mean model values
for the post 2003 period (using a
regression from 1993 - 2002)
to get a rough sense of where those runs might have gone.
As it is, a forcast
for 2005 based on OLS
regression for 1988
to 2006 has a
mean of 0.61 C with a 95 % CI from 0.37 C
to 0.84 C.
Whether linear or curvilinear correlations, and regardless of the
regression method, or outlier elimination process
for values in a data set + / - 3 s.d.'s from the
mean, error analysis and going back
to raw data are essential procedures.
Hamilton, 4.0 + / - 0.3, Statistical A simple
regression model
for NSIDC
mean September extent as a function of
mean daily sea ice area from August 1
to 5, 2012 (and a quadratic function of time) predicts a
mean September 2012 extent of 4.02 million km2, with a confidence interval of plus or minus.32.
This range is constructed by computing the standard deviation (σ) of the 40
regression values at each grid box
for each variable (SLP, SAT and P) based on detrended data during 1920 — 2012, and subtracting / adding these values (multiplied by two) from /
to the ensemble
mean regression value.
If we have, indeed, only had polar ice
for 20 % of the last 6 - million years (from Ian Plimer), then
regression -
to - the -
mean dictates betting on «up» would likely yield better odds at times when we have ice caps
to ponder.
We blended surface meteorological observations, remotely sensed (TRMM and NDVI) data, physiographic indices, and
regression techniques
to produce gridded maps of annual
mean precipitation and temperature, as well as parameters
for site - specific, daily weather generation
for any location in Yemen.
The least - squares linear -
regression trend on the RSS satellite monthly global
mean surface temperature anomaly dataset continues
to show no global warming
for 18 years 9 months since February 1997, though one - third of all anthropogenic forcings have occurred during the period of the Pause.
For example, the fact that UAH / RSS slower warming in the 2000s has coincided with a solar minimum
means that a
regression is going
to attribute the former
to the latter, even though it might not be causal (although it probably is).
We implemented unadjusted and adjusted analyses (potential prognostic factors listed in table 2) of the outcomes (all quantitative) by using random effects linear
regression models fitted by maximum likelihood estimation
to allow
for the correlation between the responses of participants from the same maternal and child health centre.29 We present
means and standard deviations
for each trial arm, along with the
mean difference between arms, 95 % confidence intervals, and P values.
Logistic
regression analyses were conducted
to investigate the mediation hypotheses, using an established 3 - step procedure.48 First, we investigated whether there was a significant bivariate association between a high level of maladaptive parenting (operationally defined as ≥ 3 maladaptive parenting behaviors) or abuse during childhood or early adolescence (by a
mean age of 14 years) and risk
for suicide attempts during late adolescence or early adulthood (reported at a
mean age of 22 years) and whether the magnitude of this association was reduced when interpersonal difficulties during middle adolescence (reported at a
mean age of 16 years) were controlled statistically.
Effect sizes
for combining results are within treatment and therefore inflated by sources of bias (eg, type I error of diagnosis,
regression to the
mean, and improvements not from therapy).
According
to the procedures posed by Aiken and West (1991), we used the simple slope
for the
regression of self - esteem on general family function by using the high (one standard deviation above the
mean) and low (one standard deviation below the
mean) values
for social support.