TY - CHAP A1 - Jesús Adolfo Minjárez-Sosa ED1 - Jan Peter Hessling Y1 - 2020-02-26 PY - 2020 T1 - Density Estimation in Inventory Control Systems under a Discounted Optimality Criterion N2 - Statistical practices have recently been questioned by numerous independent authors, to the extent that a significant fraction of accepted research findings can be questioned. This suggests that statistical methodologies may have gone too far into an engineering practice, with minimal concern for their foundation, interpretation, assumptions, and limitations, which may be jeopardized in the current context. Disguised by overwhelming data sets, advanced processing, and stunning presentations, the basic approach is often intractable to anyone but the analyst. The hierarchical nature of statistical inference, exemplified by Bayesian aggregation of prior and derived knowledge, may also be challenging. Conceptual simplified studies of the kind presented in this book could therefore provide valuable guidance when developing statistical methodologies, but also applying state of the art with greater confidence. BT - Statistical Methodologies SP - Ch. 5 UR - https://doi.org/10.5772/intechopen.88392 DO - 10.5772/intechopen.88392 SN - 978-1-78923-998-0 PB - IntechOpen CY - Rijeka Y2 - 2021-05-13 ER -