New Statistical Method Unlocks Accurate Measures of Spread for Better Decision-Making.
A new method for estimating statistical functions has been developed, showing that certain measures of spread can be accurately estimated. The researchers have proven that these estimators follow a normal distribution as the sample size increases. This is a significant advancement in statistical theory, particularly for measures of spread proposed in 1979. The researchers also discovered new results related to empirical and quantile processes during their investigation.