MAR 1, 2010 8:39am ET

Related Links

IBM Watson Takes Computing Capabilities to Next Level
August 29, 2014
Location Data Could Become Key to Fighting Bank Fraud
August 28, 2014
Building an Advanced-Analytics Center of Excellence
August 25, 2014

Web Seminars

Why Data Virtualization Can Save the Data Warehouse
September 17, 2014
Essential Guide to Using Data Virtualization for Big Data Analytics
September 24, 2014

Misconceptions About Statistics

Print
Reprints
Email

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:

Get access to this article and thousands more...

All Information Management articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to:

  • Full access to information-management.com including all searchable archived content
  • Exclusive E-Newsletters delivering the latest headlines to your inbox
  • Access to White Papers, Web Seminars, and Blog Discussions
  • Discounts to upcoming conferences & events
  • Uninterrupted access to all sponsored content, and MORE!

Already Registered?

Advertisement

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
Add Your Comments:
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Twitter
Facebook
LinkedIn
Login  |  My Account  |  White Papers  |  Web Seminars  |  Events |  Newsletters |  eBooks
FOLLOW US
Please note you must now log in with your email address and password.