Sunday, April 06, 2008

The Use -- and Misuse -- of Statistics: How and Why Numbers Are So Easily Manipulated

"Today, consumers of information are drowning in data," says Justin Wolfers, Wharton professor of business and public policy. "Terabytes of data are being generated from the constant measurement of businesses, workers, government and other activity, and there are many ways to draw inferences from the raw data. Unfortunately, many of them lead in the wrong direction." Source: Knowledge @ Wharton

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