A basic introduction to fixed-effect and random-effects models for meta-analysis
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Abstract
There are two popular statistical models for meta-analysis, the fixed-effect model and the random-effects model. The fact that these two models employ similar sets of formulas to compute statistics, and sometimes yield similar estimates for the various parameters, may lead people to believe that the models are interchangeable. In fact, though, the models represent fundamentally different assumptions about the data. The selection of the appropriate model is important to ensure that the various statistics are estimated correctly. Additionally, and more fundamentally, the model serves to place the analysis in context. It provides a framework for the goals of the analysis as well as for the interpretation of the…
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Keywords
- Computer science
- Model selection
- Random effects model
- Context (archaeology)
- Econometrics
- Meta-analysis
- Fixed effects model
- Statistical model
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