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Daily Archives: May 21, 2014

Versta Research Post

Pointy-Haired Boss Finds Significant Correlation

Data Analysis & Analytics, Funnies, Methods & ToolsBy Joe HopperMay 21, 2014

Before the days of DATA MINING this was called DATA DREDGING.  And for good reasons, because it was considered not a good thing.  Almost any dataset will have nonsense correlations, and if you’ve turned on your magical statistical testing tool at the 95% confidence level, five out of every one hundred nonsense correlations will likely…

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