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Randomness is all around us. Its existence sends fear into the hearts of predictive analytics specialists everywhere -- if a process is truly random, then it is not predictable, in the analytic sense of that term. Randomness refers to the absence of patterns, order, coherence, and predictability in a system.
Added by Kirk Borne on February 11, 2014 at 6:48pm — No Comments
On August 17, an article appeared in the New York Times with the title "Is Big Data an Economic Big Dud?" A colleague of mine provided a very brief summary of the article in…Continue
Added by Kirk Borne on August 18, 2013 at 1:00pm — No Comments
Over 100 years ago, the great science fiction writer H. G. Wells was credited with saying, "Statistical thinking will one day be as necessary for efficient citizenship as the ability to read or write." It is clear that this statement is probably more true today than ever, as Big Data and Analytics are paraded before every aspect…Continue