Data Driven Statistical Methods

Calculations once prohibitively time-consuming can be completed in microseconds by modern computers. This has resulted in dramatic shifts in emphasis in applied statistics. Not only has it freed us from an obsession with the 5% and 1% significance levels imposed by conventional tables but many exact estimation procedures based on randomization tests are now as easy to carry out as approximations based on normal distribution theory. In a wider context it has facilitated the everyday use of t...