In the world of scholarly statisticians consisting of Fisher,Bayes,Gosset and many more, the name William Sanders does not ring a bell, even for some of those in the statistical field. Well, even a simple Google search lists him third, after a writer and basketball player of the same name. Nevertheless, his contribution to the American education system... Continue Reading →
Statistics is the essential foundation for science-based medicine. Unfortunately, it’s a confusing subject that invites errors and misunderstandings. Non-statisticians could all benefit from learning more about statistics as well as trying to get a better understanding of just how much we don’t know. Most of us are not going to read a statistics textbook, but the... Continue Reading →
It was the first week of June 2013 and the name Debarghya Das was all over the news. Be it digital,print or electronic media, Debarghya Das was the news. The reason? An Indian origin student, and a Cornell university graduate, Das, had hacked into the CISCE website and had single-handedly procured the results of around 1,50,000 ICSE... Continue Reading →
An anecdote is a statistic with a sample size of one. OK, maybe a sample size of a small group of your closest friends and fellow travelers. Consider this. Suppose you see a hair product advertisement and they tell you that 75% of the females who used this confirmed the product worked... Continue Reading →
We have good few women in the market research team, while I lead the Analytics department, where I am the only lady; since it is not easy to find a woman Analyst with desired skill sets.
Fraud analytics is the combination of analytic technology and Fraud analytics techniques with human interaction which will help to detect the possible improper transactions like fraud or bribery either before the transaction is done or after the transaction is done.
Twitter, as we know, is a highly popular social networking and micro-blogging service used by millions worldwide. Each status or tweet as we call it is a 140 character text message. Registered users can read and post tweets, but unregistered users can only view them. Text mining and sentiment analysis are some of the... Continue Reading →
Last week Amazon revealed a concept for a physical store called Amazon Go. The new concept has a targeted strategy of eliminating courtesy clerks and instead replacing the labour cost with an app, also called Amazon Go. Here’s how it works: the shopper downloads the app and then while in the store it automatically adds... Continue Reading →
Prime Minister Narendra Modi is seeking to know the pulse of the public through a short survey on demonetisation available on the Narendra Modi phone app. He tweeted out urging people to participate in the survey and rate the demonetisation policy. The survey poses 10 questions with some yes or no answers, some detailed answers... Continue Reading →
Sabermetrics? No, it isn't a cross between a sword and the metric system. It's a specialized type of data analysis that uses statistics to understand the sport of baseball. And it has completely changed how people view the game. The movie Moneyball tells the story of how Oakland Athletics general manager Billy Beane used the... Continue Reading →
Stock analysis is a term that refers to the evaluation of a particular trading instrument, an investment sector or the market as a whole. Stock analysts attempt to determine the future activity of an instrument, sector or market. There are two basic types of stock analysis: fundamental analysis and technical analysis. http://www.investopedia.com/terms/s/stock-analysis.asp Fundamental analysis, in... Continue Reading →
The branch of economic statistics that deals with agriculture and is an important tool for state management and planned guidance of socialist agricultural enterprises is agricultural statistics. The principal tasks involved in agricultural statistics are the collection, processing, and analysis of statistical data that characterize the current status and development of agriculture and the fulfillment of production plans.... Continue Reading →
Can statistics increase the value of science to society? Georgetown University's Rochelle Tractenberg, PhD, MPH, PhD, chair of the Committee on Professional Ethics of the American Statistical Association, will discuss "Promoting Ethical Science and Policy With Ethical Statistical Practice" on a panel presenting three disciplinary perspectives on Sunday, February 19, from 8:00 am to 9:30... Continue Reading →
DNA-evidence is often believed to be a damning evidence, which leaves no space for uncertainty. In reality it is very difficult to say to what degree some piece of evidence can support a case against a crime suspect. That's why forensic experts need statistical models to give weight to DNA-evidence. PhD-candidate Giulia Cereda developed new... Continue Reading →
Guest writer: Christopher Leonard, BloombergBusinessweek On Dec. 8, 2009, Joe Sanderson, the chief executive officer of Sanderson Farms, held a routine earnings call with bank analysts. His aim was to reassure them that the company’s recent profits weren’t about to disappear, as the chicken industry’s usual business cycle dictated they would. For decades, poultry had... Continue Reading →
The Role of Statistics in Mathematics It should seem obvious that statistics plays a key role in mathematics considering it’s a branch of applied mathematics. However, statistics is in more than just its own separate branch of math. You can find statistical techniques in integration, differentiation, and algebra, and you can find those in... Continue Reading →