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Patterns Are Present In Any Large Pool Of Data — And They Cannot Be Trusted

by CDO Review Staff | Mar 4, 2019 | Issues & Insights, Statistics

The traditional approach is to formulate a hypothesis and then look for data to validate that hypothesis. Yet many data scientists consider it a virtue to come to a trove of data with unbiased eyes and simply find patterns already present in it. The idea is not to try...

Purely Algorithmic Approaches Are Not Superior

by CDO Review Staff | Mar 4, 2019 | Issues & Insights, Statistics

Highly-accurate statistical models may not work in real world contexts as has been proven by the large amount of published research that has resisted replication. Stephen Chen blasts the sacrifice of model accuracy for predictive power in this report from Predictive...
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