Posts Tagged ‘ Business ’

An uninformative end state

November 25, 2014
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An uninformative end state

This chart cited by ZeroHedge feels like a parody. It's a bar chart that doesn't utilize the length of bars. It's a dot plot that doesn't utilize the position of dots. The range of commute times (between city centers and...

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Circular but insufficient

November 13, 2014
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Circular but insufficient

One of my students analyzed the following Economist chart for her homework. I was looking for it online, and found an interactive version that is a bit different (link). Here are three screen shots from the online version for years...

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Financial and statistical incentives to over-diagnose and over-treat

November 10, 2014
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Nice article in the New York Times about the "overdiagnosis" problem in cancer screening. The particular case is thyroid cancer in South Korea. There are a number of things about any form of screening tests that one should always bear in mind: Death rate is measured as the number of deaths divided by the number of people with the disease. The latter number increases with better diagnosis techniques. Better diagnosis…

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How a fraud detection algorithm conspired to ruin my recent trip

October 30, 2014
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I have been traveling quite a bit lately, and last week, I went to Rome for a few days, and spent time at the KDIR conference. Rome is one of my favorite destinations and apart from the architecture and museums, and the restaurants, I also enjoy shopping there. To my dismay, a gray cloud followed me around this entire trip - in the form of a misfiring fraud detection algorithm.…

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Misguided warheads in the classroom

October 28, 2014
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Misguided warheads in the classroom

Alberto Cairo just gave a wonderful talk to my workshop, in which he complains about the state of dataviz teaching. So, it's quite opportune that reader Maja Z. sent in a couple of examples from a recent course on data...

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Count data are less useful than you think

October 14, 2014
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Count data are less useful than you think

A lot of Big Data analyses default to analyzing count data, e.g. number of searches of certain keywords, number of page views, number of clicks, number of complaints, etc. Doing so throws away much useful information, and frequently leads to bad analyses. *** I was reminded of the limitation of count data when writing about the following chart, which I praised on my sister blog as a good example of…

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Pondering OCCAM data in medicine

October 9, 2014
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Pondering OCCAM data in medicine

The New York Times Magazine has a pretty good piece about the use of OCCAM data to solve medical questions, like diagnosis and drug selection. I'm happy that it paints a balanced picture of both the promise and the pitfalls. Here are some thoughts in my head as I read this piece: Small samples coupled with small effects pose a design problem in traditional clinical trials. The subjects of the…

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Experts clinging on to their predictions

October 7, 2014
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Andrew Gelman touches on one of my favorite topics: prediction accuracy, and experts who cling to their predictions. Here's Andrew at the Monkey Cage blog. His starting point is a piece by sociologist Jay Livingston on how various well-known economists made vague predictions (e.g. "I see inflation around the corner") and kept clinging to them (eventually, there will be inflation). Several theories are given to explain this behavior. One is…

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A patently pointless picture

October 3, 2014
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A patently pointless picture

I am mystified by the intention behind this chart, published in NYT Magazine (Sept 14, 2014). It is not a data visualization since the circles were not placed to scale. The 650 and 660 should have been further to the...

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Princeton’s loss of nerve

October 2, 2014
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Princeton’s loss of nerve

I have earlier reported that Princeton's new President has initiated a review of their "grade deflation" policy that was put in almost ten years ago. As you may recall (link), grading in U.S. colleges has become a farce: at top-tier schools, getting an A means you are an average student; not getting an A is many times more informative than getting an A. The new administration at Princeton has now…

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