#statstab #393 Statistically Efficient Ways to Quantify Added Predictive Value of New Measurements [actual post]

Thoughts: #392 has the comments, but this is where the magic happens.

#modelselection #modelcomparison #variance #effectsize #tutorial

https://www.fharrell.com/post/addvalue/

Statistically Efficient Ways to Quantify Added Predictive Value of New Measurements – Statistical Thinking

Researchers have used contorted, inefficient, and arbitrary analyses to demonstrated added value in biomarkers, genes, and new lab measurements. Traditional statistical measures have always been up to the task, and are more powerful and more flexible. It’s time to revisit them, and to add a few slight twists to make them more helpful.

Statistical Thinking