Randy again illustrates the importance in data science, analytics, e-science and decision making. I have always thought of statistics as more of a philosophy, code of conduct and view on life rather than math. For example, the Law of Large Numbers to me is a philosophy that needs to be understood and believed beyond the numbers. It must also be understood that while No Two Anythings are Alike (Deming), there are likely fewer 'practical' impacts and effects than 'seen' in the data. The 'Best' solution is not the maximum, but the most robust over the sea of variability of special and common causes (in addition to being the best over many modeling scenarios).
Datafloq - Statistics Denial, Statistics Debacles & The Coming Flood Of Statistic
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| | Datafloq - Statistics Denial, Statistics Debacles & The Coming Flood Of Statistic | | There is a flood of statistical malfeasance on its way. This being exacerbated by promotional hype, which can minimize applied statistics. | | View this on Datafloq > |
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Philip R. Scinto
Technical Fellow
The Lubrizol Corporation
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