[Rd] header containing (PR#8231) -- replace 8231
stoffer at pitt.edu
stoffer at pitt.edu
Tue Apr 4 05:20:43 CEST 2006
Sorry for reporting this again, but I didn't notice that there was a
response. The response to PR#8231 is "This is a matter of opinion!"
First, I find this response arrogant and dismissive and I would ask
for a second opinion. Second, the use of the term "intercept" -
whether or not you think is "a matter of opinion" - is MISLEADING. Why
do you want to MISLEAD users?
I believe "intercept-slope form of a line" is well established in
mathematics. That is, if y=a+bx then most of us would call a the
intercept and b the slope. Is the responder saying this is opinion?
This is standard terminology.
For a causal AR(1) model we write
X(t) = a + b X(t-1) + W(t)
where W(t) is white noise. The value a is the intercept and the value
b is the slope... is the responder saying this is opinion? How so?
It's the slope-intercept form of the model.
If mu =E[X(t)] then mu = a + b*mu or
a = mu*(1-b)
is the relationship between the MEAN and the INTERCEPT. They are not
the same unless b=0. This is NOT opinion. This is a fact.
So if I tell you the estimate of the intercept is 10, what does that
say to you? In the arima output (and other functions), it's saying
the estimate of mu is 10. Really? You don't think that's misleading?
Again, I put this to you: Why do you want to MISLEAD the user. Get
some other opinions on this if you don't agree with me.
Thanks again for your time and sorry for the double report.
David
--
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
David S. Stoffer
Department of Statistics
University of Pittsburgh
Pittsburgh, PA 15260
phone: [412] 624-8496
fax: [412] 648-8814
email: stoffer at pitt.edu
web: http://www.stat.pitt.edu/stoffer
voice: hey dave
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