MAR 1, 2010 8:39am ET

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Misconceptions About Statistics

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I participate in a data mining/predictive modeling discussion group with a major social networking web site. Recently, a topic entitled “Misconceptions about statistics” surfaced, the reaction to an article in the BI media. That post had leveled several criticisms at statistical methods for predictive modeling. Among them:

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Comments (3)
This reflects my point of view as a user of statistics. Statistic were built based on numbers not based on people. Perfectly appropriate for pure statisticians but completely inappropriate for statistics applied to human behavior. Statistics are great for guiding, exploring, and creating questions. You cannot rely on them as the perfect answer. You need humans to interpret human behavior.
Posted by annie p | Saturday, March 06 2010 at 12:03PM ET
In my opinion the only value statistics has in representing human behavior is tying the elements of Bayes Theorem, Game Theory, Data Mining, but most importantly employing Philosophy to teach us the most direct way toward the realization of the rationality of irrational thinking.
Posted by willard s | Saturday, March 06 2010 at 1:35PM ET
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