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One-sided or two-sided, and when halving is fair

A strategy's mean daily return is tested against zero and yields z=1.8z = 1.8. Before running the backtest, the researcher had committed to a directional hypothesis: the strategy makes money (mean return >0> 0).

Compute the one-sided p-value for z=1.8z = 1.8, state how it compares to the two-sided p-value, and explain the rule for when you are allowed to use the one-sided version.

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