In 1943, while in charge of Columbia University's Statistical Research Group, Abraham Wald devised Sequential Design, an innovative statistical inference system. Because the decision to terminate an experiment is not predetermined, sequential analysis can arrive at a decision much sooner and with substantially fewer observations than equally reliable test procedures based on a predetermined number of observations. The system's immense value was immediately recognized, and its use was restricted to wartime research and procedures. In 1945, it was released to the public and has since revolutionized many aspects of statistical practice.
This book is Professor Wald's own description of the system. Part I contains a discussion of the general theory of the sequential probability ratio test, with comparisons to traditional statistical inference systems. Part II discusses applications that illustrate the general theory and raise points of theoretical interest specific to these applications. Part III outlines a possible approach to the problem of sequential multi-valued decisions and estimation. All three sections can be understood by readers with only a background in college algebra and a first course in calculus. Mathematical derivations of somewhat intricate nature appear in the appendix.
Sequential Analysis offers statistical researchers a time- and money-saving approach, introduces students to one of the major systems in contemporary use, and presents those already acquainted with the system with valuable background information.
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Paperback. Zustand: Near Fine condition. Reprint of the 1947 edition. New York: Dover Publications, Inc., 1973. 5.25" wide by 8.5" tall. A bright, shiny, clean, square, tight copy. No store stamp, owner's name or bookplate. Pages are unmarked. No underlining. No highlighting. No margin notes. Flat, uncreased spine. Contains a Preface, and many chapters arranged into 3 major parts: I) General Theory; II) Application of the General Theory to Special Cases; III) The Problem of Multi-Valued Decisions and Estimation. Detailed Appendix (pp. 157-207). Index. Bound in the original blue pictorial wraps. Quality softcover binding, with pages that are sewn (not glued) for many years of use. From the DSB (volume 14, pp. 121-123): "Most, although not all, of [Wald's] results were summed up in SEQUENTIAL ANALYSIS (1947). With minor exceptions, the entire contents of this book were obtained by him. Such a phenomenon is rare in mathematical books and indicates the extent to which he founded and dominated the field of sequential analysis.". Reprint of the 1947 edition. Trade Paperback. Near Fine condition. xii, 212pp. + 15 page publisher's catalogue. Bestandsnummer des Verkäufers 004778
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