The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Sequential Analysis

  • James O. Berger
Reference work entry


Data often arrives sequentially, rather than as a collection. When this occurs – or when the experiment can be designed so that this occurs – there can be a considerable advantage in using statistical methods, called sequential analysis, that are tailored to such situations. Classical frequentist statistical methods require analysis with a pre-specified collection of data, and hence cannot be used in such sequential settings. Interestingly, Bayesian methods can be directly used in sequential settings.


Bayesian statistics Dynamic programming Friedman, M. Sequential analysis Stopping rules Wald, A. Wallis, W. A 

JEL Classifications

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  1. Berger, J. 1985. Statistical decision theory and Bayesian analysis. New York: Springer-Verlag.CrossRefGoogle Scholar
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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • James O. Berger
    • 1
  1. 1.