OpenStax, Introductory Statistics 2e §11.2 Goodness-of-Fit Test · Exercise 2 · Statistics · Chi-square tests
Goodness-of-Fit Test · Exercise 2
Determine the appropriate test to be used in the next three exercises.
An economist is deriving a model to predict outcomes on the stock market. They create a list of expected points on the stock market index for the next two weeks. At the close of each day’s trading, The economist records the actual points on the index. They want to see how well the model matched what actually happened.
OpenStax, Introductory Statistics 2e · §11.2 Goodness-of-Fit Test · Exercise 2
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