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A FORMULA FOR THE ALLOCATION OF RESOURCES BASED ON UNCERTAIN PREDICTIONS OF NEED
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UNSPECIFIED (1993) A FORMULA FOR THE ALLOCATION OF RESOURCES BASED ON UNCERTAIN PREDICTIONS OF NEED. JOURNAL OF THE ROYAL STATISTICAL SOCIETY SERIES A-STATISTICS IN SOCIETY, 156 (Part 1). pp. 107-113.
Research output not available from this repository, contact author.Abstract
The allocation of resources is often based on estimated need derived from an analysis of historical expenditure. Such estimates can be associated with substantial statistical uncertainty. This paper proposes a formula which allows for this uncertainty by shrinking the allocation from an estimate-based allocation to a simple size-based allocation. An example in educational expenditure is given.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences Q Science > QA Mathematics |
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| Journal or Publication Title: | JOURNAL OF THE ROYAL STATISTICAL SOCIETY SERIES A-STATISTICS IN SOCIETY | ||||
| Publisher: | BLACKWELL PUBL LTD | ||||
| ISSN: | 0035-9238 | ||||
| Official Date: | 1993 | ||||
| Dates: |
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| Volume: | 156 | ||||
| Number: | Part 1 | ||||
| Number of Pages: | 7 | ||||
| Page Range: | pp. 107-113 | ||||
| Publication Status: | Published |
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