article thumbnail

Misleading Statistics Examples – Discover The Potential For Misuse of Statistics & Data In The Digital Age

datapine

1) What Is A Misleading Statistic? 2) Are Statistics Reliable? 3) Misleading Statistics Examples In Real Life. 4) How Can Statistics Be Misleading. 5) How To Avoid & Identify The Misuse Of Statistics? If all this is true, what is the problem with statistics? What Is A Misleading Statistic?

article thumbnail

How to Use Big Data to Cash in on the Firearms Market

Smart Data Collective

If you’ve never been aware of big data in the firearms industry, you’re in for a treat. Statistics over time have proven that the firearms industry does exceptionally well under two conditions: right before a presidential election and during a national crisis. Currently, the U.S. is facing both of these conditions at once.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Three Emerging Analytics Products Derived from Value-driven Data Innovation and Insights Discovery in the Enterprise

Rocket-Powered Data Science

I recently saw an informal online survey that asked users which types of data (tabular, text, images, or “other”) are being used in their organization’s analytics applications. This was not a scientific or statistically robust survey, so the results are not necessarily reliable, but they are interesting and provocative.

article thumbnail

Quantitative and Qualitative Data: A Vital Combination

Sisense

Let’s consider the differences between the two, and why they’re both important to the success of data-driven organizations. Digging into quantitative data. This is quantitative data. It’s “hard,” structured data that answers questions such as “how many?” What are the problems with quantitative data? or “how often?”

article thumbnail

Generative AI that’s tailored for your business needs with watsonx.ai

IBM Big Data Hub

Building transparency into IBM-developed AI models To date, many available AI models lack information about data provenance, testing and safety or performance parameters. For many businesses and organizations, this can introduce uncertainties that slow adoption of generative AI, particularly in highly regulated industries.

Testing 89
article thumbnail

Variance and significance in large-scale online services

The Unofficial Google Data Science Blog

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

article thumbnail

Changing assignment weights with time-based confounders

The Unofficial Google Data Science Blog

For example, imagine a fantasy football site is considering displaying advanced player statistics. A ramp-up strategy may mitigate the risk of upsetting the site’s loyal users who perhaps have strong preferences for the current statistics that are shown. One reason to do ramp-up is to mitigate the risk of never before seen arms.