Don’t let the pursuit of metrics hurt your basic business model. It is imperative to remember that metrics in and of themselves should supplement and enhance business decisions, but not necessarily be the end all and be all of your business. On this Memorial Day, I can think of no better example than that of…
Tag: statistics
Regression to the Mean Machine
Old habits die hard. That, in a nutshell, is the concept behind regression to the mean. To understand this concept, let’s first define what mean, means (and forgive me for sounding like Bill Clinton during the Lewinski affair). Mean is the highfalutin way statisticians say “average”. With regression to the mean, the philosophy is that…
Rock the Data! 