Economics Dictionary of ArgumentsHome | |||
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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. _____________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. | |||
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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. I 25 If you only look at samples, you cannot ask new questions that were not taken into account from the beginning when selecting the samples. I 26 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._____________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 |