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Category Archives: Data
Friday Fun: Correlation
From the excellent xkcd comic. Related: Correlation is Not Causation – Does the Data Deluge Make the Scientific Method Obsolete? – Understanding Data – Theory of Knowledge – What Makes Scientists Different 🙂 – Dangers of Forgetting the Proxy Nature … Continue reading
Posted in Data, Fun, Science, Statistics
Tagged Data, Fun, Statistics
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Statistics for Experimenters in Spanish
Statistics for Experimenters, second edition, by George E. P. Box, J. Stuart Hunter and William G. Hunter (my father) is now available in Spanish. Read a bit more can find a bit more on the Spanish edition, in Spanish. EstadÃstica … Continue reading
Posted in Books, Data, Design of Experiments, Statistics
Tagged Bill Hunter, Books, Data, Design of Experiments, engineering, experiments, George Box, Madison, Statistics, Statistics for Experimenters
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What’s the Value of a Big Bonus?
What’s the Value of a Big Bonus? by Dan Ariely To look at this question, three colleagues and I conducted an experiment. We presented 87 participants with an array of tasks that demanded attention, memory, concentration and creativity. We asked … Continue reading
Posted in Data, Deming, Management, Psychology, Respect, Systems thinking
Tagged bonus, Data, executive pay, experiments, extrinsic motivation, Psychology
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Global Manufacturing Data 2007
The updated data from the United Nations on manufacturing output by country clearly shows the USA remains by far the largest manufacturer in the world. UN Data, in billions of current US dollars: Country 1990 1995 2000 2005 2006 2007 … Continue reading
Posted in Data, Economics, India, Manufacturing, quote
Tagged Asia, China, curiouscat, economic data, Europe, Germany, India, Japan, Manufacturing, UK, USA
1 Comment
Does the Data Deluge Make the Scientific Method Obsolete?
The End of Theory: The Data Deluge Makes the Scientific Method Obsolete by Chris Anderson “All models are wrong, but some are useful.” So proclaimed statistician George Box 30 years ago, and he was right. But what choice did we … Continue reading
Posted in Creativity, Data, Innovation, Science
Tagged cool, Data, engineering, George Box, Google, Innovation, IT, quote, Science
7 Comments
Hiring the Right Person
Malcolm Gladwell presented at the New Yorker conference on the Challenge of Hiring in the Modern World. As usually, he provides some great thoughts. I wrote on Hiring the Right Workers The job market is an inefficient market. There are … Continue reading
Posted in Data, Fun, Management, webcast
Tagged Data, hiring, management, Systems thinking, webcast
1 Comment
California Uses More Gas than China
Amazing Stat: California Uses More Gas than China [the broken link was removed]: California alone uses more gasoline than any country in the world (except the US as a whole, of course). That means California’s 20 billion gallon gasoline and … Continue reading
Outcome and In-Process Measures
An outcome measure is used to measure the success of a system. For example, the outcome measure could be the percentage of people who do not get polio (the result). An output measure, for example, would be the number of … Continue reading
Posted in Data, Deming, Management, Process improvement, quote
Tagged curiouscat, Data, Process improvement
2 Comments
Fed Funds Rate Changes Don’t Presage Mortgage Rate Changes
The recent drastic reductions again emphasize (once again) that changes in the federal funds rate are not correlated with changes in the 30 year fixed mortgage rate. In the last 4 months the discount rate has been reduced nearly 200 … Continue reading
Tilting at Ludicrous CEO Pay 2008
I continue to tilt at the robber barron CEO pay packages (2007 post on CEO pay abuses). 2007 pay rank Company CEO Pay 5 Year Pay CEO % of 2007 Earnings 1 Apple Steve Jobs $646,600,000 $650,170,000 18.5% 2 Occidental … Continue reading →