optimalLambda: Derive the optimal lambda
Description
Derives the optimal lambda for a given alpha.
Usage
optimalLambda(alpha, n, p, k = 1, var.known = TRUE)
Arguments
alpha
The desired confidence coefficient.
n
The number of replications per population.
p
The number of populations considered. This must be present if
min.loc is equal to 'zero'.
k
The number of populations selected.
var.known
A logical flag indicating if the variance of the
observations is known exactly. It is TRUE by default.
Value
The function returns a scalar value.
Details
This will find the optimal lambda to be used for the shrinkage of
confidence intervals.