Statistics Lie (part 5): Sampling on the dependent variable…or why waking up at 4 am won’t make you successful

Statistics Lie (part 5): Sampling on the dependent variable…or why waking up at 4 am won’t make you successful

  Sampling on the dependent variable is something you see all the time if you read clickbait articles like the crap in Business Insider.  These articles typically start with something like, “things all successful people do…” and then make claims about waking up early, or drinking 3 cups of coffee, etc.   If you areRead more about Statistics Lie (part 5): Sampling on the dependent variable…or why waking up at 4 am won’t make you successful[…]

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 two): Correlation and Causation…or why vaccines don’t really cause autism

Statistics Lie (part two): Correlation and Causation…or why vaccines don’t really cause autism

Correlation is not Causation Everyone has heard the maxim that correlation does not necessarily imply causation.  But how do we prove when there is causation, when they are caused by the same thing (associated), and when it is just a coincidence? This is the second article in a series called “Statistics Lie” about how improperRead more about Statistics Lie (part two): Correlation and Causation…or why vaccines don’t really cause autism[…]

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[…]

I do not want to be a data scientist, should I still study machine learning?

I do not want to be a data scientist, should I still study machine learning?

Artificial intelligence (AI) and machine learning (ML) are often mentioned as things that will transform our world in the coming years. Lots of well meaning people implore young people to become data scientists. The advice to become a data scientist ignores the fact that not everyone can, or wants to, be a data scientist. ButRead more about I do not want to be a data scientist, should I still study machine learning?[…]

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?[…]