Lyon A, BC Wintle and M Burgman (2015) Collective wisdom: Methods of confidence interval aggregation. JOURNAL OF BUSINESS RESEARCH 68(8):1759-1767

Author E-mail
Online Link
CLICK HERE(83 visits)
We report the results of a meta-analysis study of the relative accuracies for a range of methods for aggregating confidence interval estimates of unknown quantities. We found that a simple "trim-and-average" method-that is, remove outliers and then average-produced the most accurate estimates. Our results show that more complicated methods of confidence interval aggregation, which factor in confidence levels and estimate imprecisions, do not produce estimates more accurate than those produced by the simple trim-and-average method. (C) 2015 Published by Elsevier Inc.