'Over the last half-century, statistical analysis has been adopted by every single scientific discipline, from archaeology to history to physics, as the empirical tool of choice to advance its understanding of the world. There is no going back. In this context, those who deny statistical analysis as an indispensable means to uncover and investigate the nature of reality are … [Read more...] about Debunking the Myth that None of Statistics Works for Big Data
statistics
3 Statistics Denial Myths on the Volume of Big Data
"Raw data is a viscous fluid containing information" Myth #7: Big Data Volume (Or Large N) contains complete information Myth #8: Big Data Volume (Or Large N) speaks for itself Myth #9: Big Data Volume (Or Large N) replaces sampling and other statisticsso much information The first misunderstanding about Big Data is that there is a data rush. To be more acccurate, we are in … [Read more...] about 3 Statistics Denial Myths on the Volume of Big Data
Why Statistical Significance Does Work For Big Data
"The key element for a successful (big) data analytics and data science future is statistical rigor and statistical thinking of humans" Diego Kuonen #5: For a large number of observations (Big Data: Volume), all the variables are significant so statistics does not work #6: Statistics does not accommodate 'consequential' statistical significance Myth #5 builds upon the old … [Read more...] about Why Statistical Significance Does Work For Big Data
Why Prediction Is / Is Not Part of Statistics
"The only useful function for a statistician is to make predictions, and thus provide a basis for action."  W. Edwards Deming Myth #4: Prediction is Not Part of Statistics This blog discusses the ambition of rebranding predictive modeling as predictive analytics; and why this will enlarge the coming flood of statistical malfeasance. The prediction problem involves … [Read more...] about Why Prediction Is / Is Not Part of Statistics
Are Data Mining and Machine Learning Distinct from Statistics?
"I almost feel that folks in data science [excluding statisticians] are suddenly realizing that this kind of work is not new and are desperately looking for ways to justify a distinction."Â Thomas Speidel [Machine Learning is simply a] loose confederation of themes in statistical inference (and decision-making)Â Michael Jordan "Without a grounding in statistics, a Data … [Read more...] about Are Data Mining and Machine Learning Distinct from Statistics?
