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:

“Traditional statistical analysis is often of limited value. It is not that these tools are somehow flawed. Rather, it is that they are overly simplistic and, in many cases inappropriate for the task of modeling human behavior.”

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