For studies let , , , and let be Cochran's Q statistic. The moment estimate is when . It estimates the variance of underlying study effects, not their sampling variance.
Use for the inverse within-study variances, and . For Cochran's Q statistic, the DerSimonian–Laird estimator of the between-study variance is
Consequently the estimated heterogeneity variance and standard deviation are
These describe dispersion of underlying study log odds ratios, not ordinary sampling error of a single trial. The between-study heterogeneity is additional to the within-study variances.
The I-squared statistic is
It estimates the share of variation beyond that expected from sampling error in this collection of studies. Approximately half the variation is attributed to heterogeneity on that scale; this is neither the percentage of trials with different effects nor a percentage change in mortality. The PDF omits the symbol naming its heterogeneity estimate, so both and are reported explicitly.