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Re: Statistical Errors in Excel



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Now that last line was FUNNY! :)

Bill


--- In amibroker@xxxx, "Richard Alford" <richard.alford@xxxx> wrote:
> Interesting article, although I will not lose sleep over the 
issue. The answers should always fit mental "reasonableness 
criteria" and I suspect I can detect errors O(10^8), btw 10^8 is a 
bit bigger than a million....
> 
> At any rate, I am sure this will be the reason for WCOM's issue and 
Billy Buck$ will make good to all the investors.
> 
> Cheers,
> 
> Richard
> 
> ----- Original Message ----- 
> From: b519b 
> To: amibroker@xxxx 
> Sent: Tuesday, July 09, 2002 12:08 AM
> Subject: [amibroker] Statistical Errors in Excel
> 
> 
> Although this may seem a bit off topic, it may be very important 
to 
> those who use Excel (and some other programs) to statistically 
> analyze results from AB. 
> 
> The following study reports that for certain data sets, Excel's 
> results can be off by as much as 8 orders of magnitude (ie, 1 
> million times too low or too high). Microsoft cynics may not be 
> surprised by this, but I find it shocking that this "flaw" is in 
> Excel "by design" according to authors of the study. Apparently 
> Excel uses a mathematical short cut for some statistical sums 
that 
> works in many cases but fails in other.
> 
> http://web.polmeth.ufl.edu/papers/99/altmcd99.pdf
> 
> b
> 
> 
> 
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