Remove 2009 Remove Big Data Remove Reporting Remove Uncertainty
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Misleading Statistics Examples – Discover The Potential For Misuse of Statistics & Data In The Digital Age

datapine

With the rise of advanced technology and globalized operations, statistical analyses grant businesses an insight into solving the extreme uncertainties of the market. A 2009 investigative survey by Dr. Daniele Fanelli from The University of Edinburgh found that 33.7% For example are data visualizations representing the data accurately?

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Fact-based Decision-making

Peter James Thomas

Of course the problem is then that Financial Reports (or indeed most Management Reports) are not set up to cope with plus or minus figures, so typically one of £12.4 By the time that people who need to take decisions based on such information are in the loop, the inherent uncertainty of the prediction may have disappeared.

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New Thinking, Old Thinking and a Fairytale

Peter James Thomas

Even just five years from now, more than one-third of the skills we believe are essential for today’s workforce will have changed according to the Future of Jobs Report from the World Economic Forum. Here we come back to the upward trend in searches for Data Science. King was a wise King, but now he was gripped with uncertainty.

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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. By late 2009, that experiment was a success, too; they'd climbed back up to 4.5 They might deal with uncertainty, but they're not random.

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