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The Data
|
1st Q |
2nd Q |
3rd Q |
4th Q |
| Stock A |
11 |
21 |
16 |
14 |
| Stock B |
9 |
5 |
3 |
24 |
| Stock C |
7 |
5 |
17 |
14 |
Laplace
First the
mean of each row is found and then the
maximum of the result column is taken.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
Row Avg |
| Stock A |
11 |
21 |
16 |
14 |
62/4 |
| Stock B |
9 |
5 |
3 |
24 |
41/4 |
| Stock C |
7 |
5 |
17 |
14 |
43/4 |
Savage's Minimax Regret
First the
maximum of each column is found.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
| Stock A |
11 |
21 |
16 |
14 |
| Stock B |
9 |
5 |
3 |
24 |
| Stock C |
7 |
5 |
17 |
14 |
| Max |
11 |
21 |
17 |
24 |
We then
subtract each cell value from the max for that column.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
| Stock A |
0 |
0 |
1 |
10 |
| Stock B |
2 |
16 |
14 |
0 |
| Stock C |
4 |
16 |
0 |
10 |
We then take the
minimum of each row and select the
maximum of the result column.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
| Stock A |
0 |
0 |
1 |
10 |
10 |
| Stock B |
2 |
16 |
14 |
0 |
16 |
| Stock C |
4 |
16 |
0 |
10 |
16 |
Wald's Maximin
First the
minimum of each row is found and then the maximum of the result column is selected.
|
1st Q |
2nd Q |
3rd Q |
4th Q |
Maximin |
| Stock A |
11 |
21 |
16 |
14 |
11 |
| Stock B |
9 |
5 |
3 |
24 |
3 |
| Stock C |
7 |
5 |
17 |
14 |
5 |
View the statistical code.
