Get several performance measures of (effect estimation) simulation studies

Calculation of several performance measure for the estimates obtained from the simulation repeats

Usage

performanceMeas(vecEst, vecSe, vec.p, theta, alpha = 0.05)

Arguments

vecEst

vector of estimated effect values from simulation repeats

vecSe

vector of estimated standard error from simulation repeats

vec.p

vector of significance (probability of being sampled from null hypothesis) from simulation repeats

theta

true value for effect

alpha

Type I error rate = significance level for testing the null hypothesis

Value

Vector of Performance measures:

1. Average of the estimates of the parameter of interest

2. Empirical standard error as an assessment of the estimation uncertainty

3. Bias = mean deviation of the estimates from the true value of the parameter of interest is an indicator of accuracy

4. Coverage of a confidence interval is a measurement that can be used to control the Type I error

5. Empirical power = the proportion of simulation samples in which the H0 of no effect is rejected at a significance level when H0 is false