Category Archives: Data

Warren Buffett’s 2010 Letter to Shareholders

Warren Buffett has published his always excellent annual shareholder letter. His letters, provide excellent investing insight and good management ideas. Yearly figures, it should be noted, are neither to be ignored nor viewed as all-important. The pace of the earth’s … Continue reading

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Actionable Metrics

Metrics are valuable when they are actionable. Think about what will be done if certain results are shown by the data. If you can’t think of actions you would take, it may be that metric is not worth tracking. Metrics … Continue reading

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Incentivizing Behavior Doesn’t Improve Results

In the webcast Dan Pink’s shares research results exploring human motivation and ideas on how to manage organization given the scientific research on motivation. “once a task called for even rudimentary cognitive skill a larger reward led to poorer performance” … Continue reading

Posted in Creativity, Data, Deming, Management, Psychology, quote, Respect, Science | Tagged , , , , , , | 3 Comments

Taxes per Person by Country

I think that the idea that data lies is false, and that such a notion is commonly held a sign of lazy intellect. You can present data in different ways to focus on different aspects of a system. And you … Continue reading

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Prophet Unheard: Dr. W. Edwards Deming – 1992

[embedded webcast links removed because they have been removed from YouTube. To see video with W. Edwards Deming see the Deming Institute YouTube channel.] This is an interesting video on Deming and American management (by the BBC in 1992): Prophet … Continue reading

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The Biggest Manufacturing Countries in 2008 with Historical Data

Once again the USA was the leading country in manufacturing for 2008. And once again China grew their manufacturing output amazingly. In a change with recent trends Japan grew output significantly. Of course, the 2009 data is going to show … Continue reading

Posted in Data, Economics, Manufacturing | Tagged , , , , , , , | 5 Comments

Highlights from Recent George Box Speech

The JMP blog has posted some highlights from George Box’s presentation at Discovery 2009 [the broken link was removed] Infusing his entire presentation with humor and fascinating tales of his memories, Box focused on sequential design of experiments. He attributed … Continue reading

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Deming: There is No True Value

There is no true value of anything: data has meaning based on the operational definition used to calculate the data. Walter Shewhart’s Statistical Method from the Viewpoint of Quality Control, forward by W. Edwards Deming: There is no true value … Continue reading

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Statistical Learning as the Ultimate Agile Development Tool by Peter Norvig

Interesting lecture on Statistical Learning as the Ultimate Agile Development Tool by Peter Norvig. The webcast is likely to be of interest to a fairly small segment of readers of this blog. But for geeks it may be interesting. He … Continue reading

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Communicating with the Visual Display of Data

Anscombe’s quartet: all four sets are identical when examined statistically, but vary considerably when graphed. Image via Wikipedia. ___________________ Anscombe’s quartet comprises four datasets that have identical simple statistical properties, yet are revealed to be very different when inspected graphically. … Continue reading

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