Betting and Statistics

Betting has had a long and close relationship with the science of probability and statistics.  In the mid-1600’s, the French intellectual and gambler Antoine Gombaud, who called himself Chevalier de Méré, enlisted the help of the mathematician Blaise Pascal to solve several puzzles involving dice…

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Of Note: Operations Research (O/R) For Sewage

Older urban sewer systems are not sealed, dedicated route networks leading to sewage treatment plants.  Rather, to save money when they were built decades ago, in some places they shared pipes with storm water drainage systems that lead to creeks, rivers and bays.  As a…

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Word of the Week – Errors and Loss

Errors - differences between predicted values and actual values, also called residuals - are a key part of statistical models.  They form the raw material for various metrics of predictive model performance (accuracy, precision, recall, lift, etc.), and also the basis for diagnostics on descriptive…

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Unforeseen Consequences in Data Science

Unforeseen Consequences in Data Science After the massive Exxon Valdez oil spill, states passed laws boosting the liability of tanker companies for future spills.  The result was not as intended: fly-by-night companies, whose bankruptcy would not be consequential, took over the trade. In this blog…

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Social Network Analysis (SNA) in Medicine

In hospitals, “sentinel events” are events that carry with them a significant risk of unexpected death or harm.  It is estimated that ⅔ of such sentinel events result from communications failures during the handoff of a patient from one provider to another (e.g. during a…

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Industry Spotlight: Baseball (Sports) Statistics

The U.S. baseball season opens Thursday, March 28, and celebrates the 48th season of analytics in baseball, beginning with the founding of the Sabermetric Society in 1971 (the same year that Satchel Paige entered the Hall of Fame).  Analytics has come a long way in…

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