Preacher & Hayes (2004) Bootstrap Method
The bootstrapping method provides some advantages to the Sobel’s test, primarily an increase in power. The Preacher and Hayes Bootstrapping method is a non-parametric test (See Non-parametric statistics for a discussion on why non parametric tests have more power). As such, the bootstrap method does not violate assumptions of normality and is therefore recommended for small sample sizes. Bootstrapping involves repeatedly randomly sampling observations with replacement from the data set to compute the desired statistic in each resample. Over hundreds, or thousands, of bootstrap resamples provide an approximation of the sampling distribution of the statistic of interest. Hayes offers a macro
Read more about this topic: Mediation (statistics)
Famous quotes containing the words preacher, hayes and/or method:
“You might say that Lyndon Johnson is a cross between a Baptist preacher and a cowboy.”
—Lyndon Baines Johnson (1908–1973)
“The [Loyal] legion has taken the place of the club—the famous Cincinnati Literary Club—in my affections.... The military circles are interested in the same things with myself, and so we endure, if not enjoy, each other.”
—Rutherford Birchard Hayes (1822–1893)
“One of the grotesqueries of present-day American life is the amount of reasoning that goes into displaying the wisdom secreted in bad movies while proving that modern art is meaningless.... They have put into practise the notion that a bad art work cleverly interpreted according to some obscure Method is more rewarding than a masterpiece wrapped in silence.”
—Harold Rosenberg (1906–1978)