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sensitivity analysis
Message posted by Bryan Facca on September 21, 1999 at 12:00 AM (ET)
My question is on sensitivity analysis of data presented. Specifically the use of the 95% confidence interval (CI) presented with data. What is an acceptable range for the CI around the data to be acceptable or meaningful.
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Re: sensitivity analysis
Message posted by JG on September 21, 1999 at 12:00 AM (ET)
You have to decide what the appropriate margin of error is in a particular application. For instance, you do not need to know the price of a hamburger to a fraction of a cent but a .1 cent change in the price of wheat may make a big difference if you are buying 100 million pounds of wheat.
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