A General Approach to Network Analysis of Statistical Data Sets
The main goal of the present paper is the development of general approach to network analysis of statistical data sets. First a general method of market network construction is proposed on the base of idea of measures of association. It is noted that many existing network models can be obtained as a particular case of this method. Next it is shown that statistical multiple decision theory is an appropriate theoretical basis for market network analysis of statistical data sets. Finally conditional risk for multiple decision statistical procedures is introduced as a natural measure of quality in market network analysis. Some illustrative examples are given.