Statistics Lie (part three): Independent events…or how it was iid and not id that helped fuel the financial crisis

Statistics Lie (part three): Independent events…or how it was iid and not id that helped fuel the financial crisis

Statistics can be used to trick or deceive.  Statistics can also “prove” things that are not true at all.  One of the reasons this can happen is related to an assumption referred to as iid. Iid is shorthand for independent and identically distributed.  It is often a necessary assumption for statistical inference.  Assuming events are iidRead more about Statistics Lie (part three): Independent events…or how it was iid and not id that helped fuel the financial crisis[…]

Statistics Lie (part one): Flaw of Averages…or why it takes slightly longer to get your Uber

Statistics Lie (part one): Flaw of Averages…or why it takes slightly longer to get your Uber

  The flaw of averages   Most people have heard of the law of averages, but what about the flaw of averages?  I would argue that understanding the flaw of averages is at least as important, especially if you don’t want to be fooled by bad analysis.   This is the first article in aRead more about Statistics Lie (part one): Flaw of Averages…or why it takes slightly longer to get your Uber[…]

Syndicated data pt2: Why is syndicated data such a pain?

Syndicated data pt2: Why is syndicated data such a pain?

Syndicated data is a total pain because of (somewhat needless) complexity and horrible interfaces. Why is it so complicated? The first thing to understand about syndicated data is that there is no exact answer.  If you wanted to study real estate transactions in a county you could come up with an exact number and dollarRead more about Syndicated data pt2: Why is syndicated data such a pain?[…]

Are you having trouble finding an analytics job without experience?  Here is how to get experience without a formal role.

Are you having trouble finding an analytics job without experience? Here is how to get experience without a formal role.

Who else wants to get a job in analytics? Part four – how to get experience   You need experience to get a job and you need a job to gain experience. Everyone has heard this catch-22. This scenario exists in many areas and analytics is one of them. What can you do about it?Read more about Are you having trouble finding an analytics job without experience? Here is how to get experience without a formal role.[…]

Are you failing to provide these precise details about your experience when you interview?

Are you failing to provide these precise details about your experience when you interview?

Who else wants to get a job in analytics? Part three – how to frame your experience   Hiring managers typically agree that they would prefer a candidate with real world analytics experience that created value rather than someone with the right education but no track record. However, that does not mean that all experienceRead more about Are you failing to provide these precise details about your experience when you interview?[…]

Do you want to get a job in analytics too? Part two – the soft skills

Do you want to get a job in analytics too? Part two – the soft skills

The difference between top tier analysts and run of the mill ones is usually soft skills, not technical ones. Of course technical skills are important; more and deeper skills enable broader and deeper analysis. But it is usually the soft skills which enable analysts to drive beyond the obvious, overcome roadblocks, and develop intelligence whichRead more about Do you want to get a job in analytics too? Part two – the soft skills[…]