Economics Dictionary of Arguments

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Statistics: Statistics is the practice of collecting, analyzing, and interpreting data to make informed decisions and draw conclusions about a phenomenon. It involves methods for summarizing, organizing, and presenting information. See also Data, Predictions, Generalization, Probability, Induction.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Viktor Mayer-Schönberger on Statistics - Dictionary of Arguments

I 22
Statistics/Neyman/Mayer-Schönberger: In 1934, Jerzy Neyman showed that random samples of a set of data to be examined must be selected at random in order to provide representative results.(1)
Mayer-Schönberger: It had been a mistake to believe that random samples should in turn be deliberately selected to be representative.
I 24
Big Data/Mayer-Schönberger: Problem: it is not so easy to create subcategories for random samples. The further one splits up the results, the sooner one gets false predictions.
>Prediction
.
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If you only look at samples, you cannot ask new questions that were not taken into account from the beginning when selecting the samples.
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Big Data: but if we look at larger amounts of data because the technical means are now available, we do not need any more random samples.
>Big Data/Mayer-Schönberger.

1. Jerzy Neyman, “On the Two Different Aspects of the Representative Method: The Method of Stratified Sampling and the Method of Purposive Selection,” Journal of the Royal Statistical Society 97, no. 4 (1934), pp. 558–625.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

MSchoen I
Viktor Mayer-Schönberger
Big Data: A Revolution That Will Transform How We Live, Work, and Think New York 2013


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