You wouldn’t change up your entire production process based on sales from just a couple of locations, and you wouldn’t lower auto insurance premiums across the board because collision rates went down ...
These past few months have not been kind to any of us. The ripples caused by the COVID-19 crisis are felt far and wide, and the world's economies have taken a staggering blow. As with most things in ...
For decades, enterprise data infrastructure focused on answering the question: “What happened in our business?” Business intelligence tools, data warehouses, and pipelines were built to surface ...
As mathematical abstractions go, graphs are among the simplest. Scatter a bunch of points in a plane. Connect some of them with lines. That’s all a graph is. And yet they are incredibly powerful. They ...
Statistics is the science of learning from data. The theoretical foundation of statistics lies in probability theory, which is applied to decision-making under uncertainty. Data science consists of ...
Vast amounts of data are generated every day. Statistics transforms data into meaningful information. People who practice the science of learning from data are called statisticians. Statisticians ...
Mark Twain once wrote, “There are three kinds of lies: lies, damned lies, and statistics.” (He attributed the quip to former British prime minister Benjamin Disraeli, but its true origin is unknown.) ...