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Rick Wicklin 0
A statistical model of card shuffling

I recently returned from a five-day conference in Las Vegas. On the way there, I finally had time to read a classic statistical paper: Bayer and Diaconis (1992) describes how many shuffles are needed to randomize a deck of cards. Their famous result that it takes seven shuffles to randomize

Analytics
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Getting to the point of return on analytics

Linking business analytics to economic value is a hard problem. Despite all the smarts that get poured into models, it's hard to tie them to financial measures such as profitability. And, because of that, it's hard to justify investment in analytics. Need headcount? Sorry, try again. Need tools? Sorry, can't