2172 search results for "Regression"

Decision making trees and machine learning resources for R

April 30, 2014
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Decision making trees and machine learning resources for R

I have recently come across Ricky Ho's blog "Pragmatic Programming Techniques", which seems to be excellent resource for all sorts of aspects regarding data exploration and predictive modelling. The post "Six steps in data science" provides a nice overview to some of the topics covered in the blog. For some reason, this blog does not seem to be...

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What Can Go Wrong: My Favorite Example

April 28, 2014
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What Can Go Wrong:  My Favorite Example

I’m one of many who bemoan the fact that statistics is typically thought of as — alas, even taught as — a set of formula plugging methods. One enters one’s data, turns the key, and the proper answers pop out. This of course is not the case at all, and arguably statistics is as much

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What Can Go Wrong: My Favorite Example

April 28, 2014
By
What Can Go Wrong:  My Favorite Example

I’m one of many who bemoan the fact that statistics is typically thought of as — alas, even taught as — a set of formula plugging methods. One enters one’s data, turns the key, and the proper answers pop out. This of course is not the case at all, and arguably statistics is as much

Read more »

Introducing Statwing

April 27, 2014
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Introducing Statwing

Recently, Greg Laughlin, the founder of a new statistical software called Statwing, let me try his product for free. I happen to like free things very much (the college student is strong within me) so I gave it a try. I mostly like how easy it is to use: For instance, to relate two attributes

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There is no “Too Big” Data, is there?

April 23, 2014
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There is no “Too Big” Data, is there?

A few years ago, a former classmate came back to me with a simple problem. He was working for some insurance company (and still is, don’t worry, chatting with me is not yet a reason for dismissal), and his problem was that their dataset was too large to run (standard) codes to get a regression, and some predictions. My...

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Yet Another Baseball Defense Statistic

April 22, 2014
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Yet Another Baseball Defense Statistic

Fangraphs recently published an interesting dataset that measures defensive efficiency of fielders. For each player, the Inside Edge dataset breaks their opportunities to make plays into five categories, ranging from almost impossible to routine. It al...

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Simpson’s Paradox Is Back

April 21, 2014
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Simpson’s Paradox Is Back

The latest issue of the American Statistician has a set of thought-provoking point/counterpoint papers on Simpson’s Paradox, with a tie-in to the controversial issue of causality. (I will not address the causality issue here.) Since I have long had my own thoughts about Simpson’s, I’ll postpone the topic I had planned to post this week,

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Simpson’s Paradox Is Back

April 21, 2014
By
Simpson’s Paradox Is Back

The latest issue of the American Statistician has a set of thought-provoking point/counterpoint papers on Simpson’s Paradox, with a tie-in to the controversial issue of causality. (I will not address the causality issue here.) Since I have long had my own thoughts about Simpson’s, I’ll postpone the topic I had planned to post this week,

Read more »

Mythbusting – Dr. Copper

April 21, 2014
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Mythbusting – Dr. Copper

Image by Justin Reznick   “An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.” Laurence J. Peter (author and creator of the Peter Principle) If you were paying attention to financial sites last month, you probably noticed a number of articles on “Dr. Copper”. Here is

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Fracking and House Prices on the Marcellus Shale

April 21, 2014
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Fracking and House Prices on the Marcellus Shale

Starting last summer I worked on a short project that set out to estimate the potential costs of externalities due to unconventional shale gas production in the Marcellus shale on local house prices using a dataset of roughly 150,000 recently sold houses in Ohio, West Virginia and Pennsylvania. I stopped working on a project that

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