Came across this question on Quora today: What are the most subtle ways to deceive people with statistics? The answers are legendary. Going to be one for the bookmarks.
Came across a very interesting and persuasive video on baseball via Kottke.org today. It’s a great example of what an interesting question, effective visualisation, and some statistical knowledge can do. The question the video seeks to answer is the following: what would happen if baseball player… Read More
Imagine for a moment that you want to implement a new sales initiative that you think will transform your business. The problem is, you’re not too sure if it’d work. You decide, prudently, that maybe a pilot test would be good: let’s roll out the… Read More
I need to have a data-dump on the sales forecasting process and forecasts. On optimistic and pessimistic forecasting: When forecasts are (consistently) too low: well-known issue that even has a name: sandbagging. You forecast lower to temper expectations. When you do get better results than… Read More
I had KFC (Kentucky Fried Chicken) for breakfast yesterday. Chicken rice porridge and a “breakfast” wrap (that oddly enough didn’t seem to contain any chicken). It was decent, and I liked it. So when I was quite excited when I saw that the receipt had… Read More
Andrew McAfee posted about a very intriguing study on personality, gender and age in their relation to language. In essence, what the study did was to look at the correlation of people’s Facebook statuses and their personality, gender, and age. You’ll know why I say… Read More
I can’t believe I didn’t write about it before today: the difference between uncertainty and risk. I’d originally thought that uncertainty and risk were one and the same. If you’re uncertain about something, about taking some action, and you had to decide whether or not… Read More