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Listen "Three Scores and 15 Years (1948-2023) of Rao's Score Test (Bera & Bilias, 2024)"
Episode Synopsis
Welcome to Revise and Resubmit, where today’s episode brings us to a monumental reflection on a legacy that stretches across generations of statisticians and econometricians. We’re diving into “Three Score and 15 Years (1948-2023) of Rao’s Score Test: A Brief History” by Anil K. Bera and Yannis Bilias. This isn’t just an account of a statistical test—it’s a tribute to Dr. C.R. Rao, whose remarkable contribution in 1948 with the Rao Score (RS) test became an indispensable tool for hypothesis testing, shaping the field of statistics.
The RS test was first proposed as an alternative to the likelihood ratio and Wald tests, yet it went largely unnoticed for nearly 20 years before its full impact began to be understood. Anil K. Bera, a celebrated professor at the University of Illinois, combines his expertise with that of Yannis Bilias, associate professor at Athens University of Economics and Business, to offer readers a nuanced look at how Rao’s contribution revolutionized statistical testing. Through their meticulous research, they recount how the RS test, despite its delayed recognition, has become a cornerstone in both theoretical and applied econometrics, influencing research areas from model specification to robust hypothesis testing.
The authors bring together a blend of historical analysis and insight into future research, showing that the RS test is more than a statistic—it's a lasting testament to Dr. Rao's vision. As we reflect on this remarkable journey, one question lingers: What new paths in statistics and econometrics could emerge from these foundations?
To Dr. Rao’s enduring legacy, we celebrate a life’s work that has illuminated the fields of statistics and econometrics, paving the way for generations of scholars. We extend our gratitude to Anil K. Bera, Yannis Bilias, and Cornell University for bringing us this essential piece. Don’t forget to subscribe to Revise and Resubmit on Spotify and catch more reviews on our YouTube channel, Weekend Researcher. You can also find us on Amazon Prime Music and Apple Podcasts.
Note: 1948 to 2023 makes 75 years. A score consists of 20 years. Hence 3 scores and 15 years is a wordplay of 60 years + 15 years
Reference
Bera, A. K., & Bilias, Y. (2024). Three Scores and 15 Years (1948-2023) of Rao's Score Test: A Brief History. arXiv. https://doi.org/10.48550/arXiv.2406.19956
Youtube channel link
https://www.youtube.com/@weekendresearcher
The RS test was first proposed as an alternative to the likelihood ratio and Wald tests, yet it went largely unnoticed for nearly 20 years before its full impact began to be understood. Anil K. Bera, a celebrated professor at the University of Illinois, combines his expertise with that of Yannis Bilias, associate professor at Athens University of Economics and Business, to offer readers a nuanced look at how Rao’s contribution revolutionized statistical testing. Through their meticulous research, they recount how the RS test, despite its delayed recognition, has become a cornerstone in both theoretical and applied econometrics, influencing research areas from model specification to robust hypothesis testing.
The authors bring together a blend of historical analysis and insight into future research, showing that the RS test is more than a statistic—it's a lasting testament to Dr. Rao's vision. As we reflect on this remarkable journey, one question lingers: What new paths in statistics and econometrics could emerge from these foundations?
To Dr. Rao’s enduring legacy, we celebrate a life’s work that has illuminated the fields of statistics and econometrics, paving the way for generations of scholars. We extend our gratitude to Anil K. Bera, Yannis Bilias, and Cornell University for bringing us this essential piece. Don’t forget to subscribe to Revise and Resubmit on Spotify and catch more reviews on our YouTube channel, Weekend Researcher. You can also find us on Amazon Prime Music and Apple Podcasts.
Note: 1948 to 2023 makes 75 years. A score consists of 20 years. Hence 3 scores and 15 years is a wordplay of 60 years + 15 years
Reference
Bera, A. K., & Bilias, Y. (2024). Three Scores and 15 Years (1948-2023) of Rao's Score Test: A Brief History. arXiv. https://doi.org/10.48550/arXiv.2406.19956
Youtube channel link
https://www.youtube.com/@weekendresearcher
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