I'm interested in a situation where I have a small list of events, somewhere in the range ten to a few hundred.
- Each event can be a 1 or 0 outcome.
- I have a good reason to believe that the factors controlling the 1 or 0 outcome are complicated and a "1" does not necessarily occur a constant rate.
- I already know the outcome of all events in the list to date.
- There will be future events whose outcome is unknowable at present.
I want to use all the information available to help me estimate the rate of "event outcomes = 1", especially for the next event to occur. I actually also have a number of lists A, B, C etc, each where I am interested to understand how similar or different their rates are.
I've looked at these questions and their answers:
statistical-inference-when-the-sample-is-the-population
what-is-the-difference-between-a-population-and-a-sample
Help needed with terminology
I had originally assumed that the current list of events that have taken place is the "sample" and that the "population" refers to some larger group, that could be the current list + 1, or more. I don't mind how we define it as long as we don't lose sight of the practical human language and meaning that I need to operate in the real world.
I am interested in the next event specifically, and probably won't become interested in the one after that until the next has occurred.
Discussion
I follow that if population = sample then there is no role for statistical tests. I think that perhaps population = sample + 1 because I am interested in the next event. However if the sample is almost the same size as the population then there is still little scope for the statistic to vary from sample to sample, especially if the sample cannot be held to be a random sample of the population.
Question: To establish some measure of belief in the rate of event outcomes, the proportion p of population n, should I use a measure such as
$$ \pm \sqrt{ \frac{p ( 1-p)} {n}} $$
some other measure based on the changes to p that would occur upon re-evaluation after then next future event, should it turn out to be either a 0 or a 1.