Daily Archives: January 29, 2020
Choosing the Right Analytics Problem
The “streetlight effect:” A man is looking for his keys under a streetlight. Policeman: “Where did you lose them?” Man: “In the alley, near the door to the bar.” Policeman: “Why are you looking here?” Man: “The light’s better.” This is related to the more general “Statistical Type 4 Error” – asking the wrong question, andContinue reading “Choosing the Right Analytics Problem”
Book Review: Mining Your Own Business by Gerhard Pilcher and Jeff Deal
This is a short book, Mining Your Own Business: A Primer for Executives on Understanding and Employing Data Mining and Predictive Analytics” befitting its intended audience – managers and executives with responsibility for data science and analytics projects. It outlines the requirements for success – not technical model success, but rather successful implementation in a way that buildsContinue reading “Book Review: Mining Your Own Business by Gerhard Pilcher and Jeff Deal”
Jan 29: Statistics in Practice + Announcement
This week we discuss the importance of choosing the right analytics problem, with a guest blog from Elder Research, Inc., a data science and analytics consulting and training company, with whom we have just joined forces. Our course spotlight is on: Feb 14 – Mar 13: Design of Experiments See you in class! – Peter Bruce, FounderContinue reading “Jan 29: Statistics in Practice + Announcement”