Best way to determine a representative Lambda [on hold]
What is the best procedure to estimate Lambda to calculate the Poisson probability? Say I want to calculate P(X ≥1) of an accident occurring next day. For this I would calculate the average of daily accidents and divide it by 10. The question is, should I take the previous 10 days? Or calculate λ averaging i.e. 10 day periods for the last 200 days and divide them by 20? What would be the best?
Thank you much for any constructive comment.
probability
asked Dec 26 at 8:55
Aetius
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put on hold as off-topic by Paul Frost, Leucippus, Shailesh, Lord Shark the Unknown, Eevee Trainer Dec 27 at 5:46
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "This question is missing context or other details: Please provide additional context, which ideally explains why the question is relevant to you and our community. Some forms of context include: background and motivation, relevant definitions, source, possible strategies, your current progress, why the question is interesting or important, etc." – Paul Frost, Leucippus, Shailesh, Eevee Trainer
If this question can be reworded to fit the rules in the help center, please edit the question.
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What is the best procedure to estimate Lambda to calculate the Poisson probability? Say I want to calculate P(X ≥1) of an accident occurring next day. For this I would calculate the average of daily accidents and divide it by 10. The question is, should I take the previous 10 days? Or calculate λ averaging i.e. 10 day periods for the last 200 days and divide them by 20? What would be the best?
Thank you much for any constructive comment.
probability
asked Dec 26 at 8:55
Aetius
1
New contributor
Aetius is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
put on hold as off-topic by Paul Frost, Leucippus, Shailesh, Lord Shark the Unknown, Eevee Trainer Dec 27 at 5:46
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "This question is missing context or other details: Please provide additional context, which ideally explains why the question is relevant to you and our community. Some forms of context include: background and motivation, relevant definitions, source, possible strategies, your current progress, why the question is interesting or important, etc." – Paul Frost, Leucippus, Shailesh, Eevee Trainer
If this question can be reworded to fit the rules in the help center, please edit the question.
There are several ways to approach "parameter estimation" and what method is best is dependent on the intended use, e.g. some applications might benefit from a "conservative" estimate, others from an "unbiased" estimate. While the Question is in general about statistical estimation and part of the scope of mathematics learning, the Question could be improved by connecting it with the material that motivates your problem. For example, it may have been intended to reinforce recent lessons. You've not given your Readers much in the way of context to go on. Please edit the Question.
– hardmath
Dec 27 at 5:27
add a comment |
What is the best procedure to estimate Lambda to calculate the Poisson probability? Say I want to calculate P(X ≥1) of an accident occurring next day. For this I would calculate the average of daily accidents and divide it by 10. The question is, should I take the previous 10 days? Or calculate λ averaging i.e. 10 day periods for the last 200 days and divide them by 20? What would be the best?
Thank you much for any constructive comment.
probability
asked Dec 26 at 8:55
Aetius
1
New contributor
Aetius is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
What is the best procedure to estimate Lambda to calculate the Poisson probability? Say I want to calculate P(X ≥1) of an accident occurring next day. For this I would calculate the average of daily accidents and divide it by 10. The question is, should I take the previous 10 days? Or calculate λ averaging i.e. 10 day periods for the last 200 days and divide them by 20? What would be the best?
Thank you much for any constructive comment.
probability
probability
asked Dec 26 at 8:55
Aetius
1
New contributor
Aetius is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked Dec 26 at 8:55
Aetius
1
New contributor
Aetius is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked Dec 26 at 8:55
Aetius
1
New contributor
Aetius is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked Dec 26 at 8:55
Aetius
1
asked Dec 26 at 8:55
Aetius
1
1
New contributor
Aetius is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
Aetius is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Aetius is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
put on hold as off-topic by Paul Frost, Leucippus, Shailesh, Lord Shark the Unknown, Eevee Trainer Dec 27 at 5:46
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "This question is missing context or other details: Please provide additional context, which ideally explains why the question is relevant to you and our community. Some forms of context include: background and motivation, relevant definitions, source, possible strategies, your current progress, why the question is interesting or important, etc." – Paul Frost, Leucippus, Shailesh, Eevee Trainer
If this question can be reworded to fit the rules in the help center, please edit the question.
put on hold as off-topic by Paul Frost, Leucippus, Shailesh, Lord Shark the Unknown, Eevee Trainer Dec 27 at 5:46
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "This question is missing context or other details: Please provide additional context, which ideally explains why the question is relevant to you and our community. Some forms of context include: background and motivation, relevant definitions, source, possible strategies, your current progress, why the question is interesting or important, etc." – Paul Frost, Leucippus, Shailesh, Eevee Trainer
If this question can be reworded to fit the rules in the help center, please edit the question.
There are several ways to approach "parameter estimation" and what method is best is dependent on the intended use, e.g. some applications might benefit from a "conservative" estimate, others from an "unbiased" estimate. While the Question is in general about statistical estimation and part of the scope of mathematics learning, the Question could be improved by connecting it with the material that motivates your problem. For example, it may have been intended to reinforce recent lessons. You've not given your Readers much in the way of context to go on. Please edit the Question.
– hardmath
Dec 27 at 5:27
add a comment |
There are several ways to approach "parameter estimation" and what method is best is dependent on the intended use, e.g. some applications might benefit from a "conservative" estimate, others from an "unbiased" estimate. While the Question is in general about statistical estimation and part of the scope of mathematics learning, the Question could be improved by connecting it with the material that motivates your problem. For example, it may have been intended to reinforce recent lessons. You've not given your Readers much in the way of context to go on. Please edit the Question.
– hardmath
Dec 27 at 5:27
There are several ways to approach "parameter estimation" and what method is best is dependent on the intended use, e.g. some applications might benefit from a "conservative" estimate, others from an "unbiased" estimate. While the Question is in general about statistical estimation and part of the scope of mathematics learning, the Question could be improved by connecting it with the material that motivates your problem. For example, it may have been intended to reinforce recent lessons. You've not given your Readers much in the way of context to go on. Please edit the Question.
– hardmath
Dec 27 at 5:27
There are several ways to approach "parameter estimation" and what method is best is dependent on the intended use, e.g. some applications might benefit from a "conservative" estimate, others from an "unbiased" estimate. While the Question is in general about statistical estimation and part of the scope of mathematics learning, the Question could be improved by connecting it with the material that motivates your problem. For example, it may have been intended to reinforce recent lessons. You've not given your Readers much in the way of context to go on. Please edit the Question.
– hardmath
Dec 27 at 5:27
add a comment |
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There are several ways to approach "parameter estimation" and what method is best is dependent on the intended use, e.g. some applications might benefit from a "conservative" estimate, others from an "unbiased" estimate. While the Question is in general about statistical estimation and part of the scope of mathematics learning, the Question could be improved by connecting it with the material that motivates your problem. For example, it may have been intended to reinforce recent lessons. You've not given your Readers much in the way of context to go on. Please edit the Question.
– hardmath
Dec 27 at 5:27