Tag Archives: BIG data

Beware of Retail Algorithm Building Culture, Yet Another Example

Beware of “button effect” (as argued in here): How the growing culture of developing RETAIL statistical algorithms and softwares can prevent data scientists “looking at the data” leading to useless answers. The importance of Nonparametric Exploratory Statistical Practice in the age of developing easy-to-use retail statistical softwares is illustrated using simple examples: http://s.hbr.org/1qVt3Fj.