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Answer questions

May 21, 2021/in Uncategorized /by Admin

1. In the book Signal and Noise, the author mentions several times that interdependence in data can make things more complicated. Using examples from the book or your own business examples explain how interdependent data can and SHOULD effect your interpretation of the results. (Hint: the ratings agencies failed to recognize this interdependence when calculating risk).

2. Nate Silver states that baseball is the perfect sport to analyze using data. What about baseball makes it amenable to statistical prediction? (Hint: there is no law for small numbers)