can you explain more about error hand competition?
Hello Kumar
The Mistake Type idea has been obtained by antitrust researchers from the field of measurement sciences, where it is ordinarily used to assess the likelihood of blunders in an example being tried. It is utilized to decide if there is a connection among factors and potential mistake in certain populace from which test information are drawn.
Blunder examination is significant on the grounds that it empowers progressively precise investigation of certainties. It is also significant in the field of antitrust to guarantee that cases don't prompt a high measure of false judgment whether Type I mistake or Type II blunder. On the whole, what are Type I and Type II mistakes?
Type I blunder is characterized as the mistaken dismissal of a genuine invalid theory. It is otherwise called a bogus positive or a mistake of the primary kind. For instance, an alarm goes off demonstrating a flame breaking out when in truth there is no flame. Or on the other hand a blood test outcome that demonstrates a patient has a specific sickness when in all actuality the patient doesn't have that infection.
In antitrust cases, Type I mistake speaks to a bogus judgment where the court denounces a direct that was not anticompetitive. Type I blunder mirrors an over-authorization or over-guideline.
Type II mistake is characterized as the inability to dismiss a bogus invalid theory. It is otherwise called a bogus negative or a mistake of the subsequent kind. For instance, a flame breaking out and the alarm don't go off. Or on the other hand a blood test neglects to show that a patient has a specific infection.
In antitrust cases, Type II mistake speaks to a bogus judgment where the court neglects to censure a lead that is anticompetitive. Type II mistake reflects under-requirement or under-guideline.
All the best
