(Post #2 of Blog Series)
Essays On Statistics Denial
“If you think you understand quantum theory, then you do not understand quantum theory.” — Richard Feynman
UFO sightings, where do they all come from? Astronomers spend an inordinate amount of time scouring the skies. However, as far as we know, no credentialed astronomer has ever reported a UFO. None, zilch.
Statistics denial myths, where do they all come from? We have always had them, owing to an environment deeply rooted in deterministic thinking (no room for uncertainty) and low statistics literacy. Most of us are uncomfortable with uncertainty and lack the training to deal with it. Also, statistics denial comes in waves as areas of application discover and rediscover the potential of data insights.
The current wave of denying and mischaracterizing the role, breadth, and depth of applied statistics is associated with promotional hype around today’s Big Data ‘information rush.’ During the gold rush of 1849, it was the merchants, who made most of the money … and none of them knew anything about mining for gold. Among the most successful was Samuel Brannan, a tireless self-promoter, shopkeeper, and newspaper publisher, who purchased all the prospecting supplies available in San Francisco and re-sold them at a substantial profit.
The blog continues on Datafloq, https://goo.gl/8u31Ok.
Guest Blogger: Randy Bartlett, Ph.D. CAP® PSTAT® is a statistician/statistical data scientist with 20+ years of practice experience analyzing and reviewing data analysis; and leading business analytics teams. He designed ‘A Practitioner’s Guide to Business Analytics’ to be the foremost reference on how corporations can better implement business analytics and in this era of Big Data.