A while back The Wall Street Journal published the article “Corporate Economists Are Hot Again“ that chronicles the resurgence of in-house economists in corporate America. The role of a corporate economist may bring about visuals of classic economist stereotypes (watch Ben Stein play to this stereotype as a teacher in
Tag: best practices
It is a mild summer evening in July at Lake Neusiedl here in Austria. The participants of the traditional YES Cup Regatta are sitting with beer and barbecue chops on the terrace of our clubhouse. The mood is relaxed, and everyone wants to tell their story after two eventful races.
I'm a big believer in both/and thinking, so I'll stand squarely in the middle and say that the most important skills for competitive advantage in analytics include a combination of top-notch modeling abilities along with business acumen, critical thinking, and curiosity. I was intrigued by a blog post on this
As the “Year of Statistics” comes to a close, I write this blog in support of the many statisticians who carefully fulfil their analysis tasks day by day, and to defend what may appear to be demanding behavior when it comes to data requirements. How do statisticians get this reputation? Are we
Did you know that more than 30,000 Americans die in traffic accidents every year? Interestingly, the U.S. import of mangoes from Brazil is found to be highly correlated with this fatality rate, as shown in the graph below. But are mango imports a good indicator of the future traffic fatality
My wife rescued a dog a couple of years ago from a rural North Carolina rest stop . We named her "DOTi" in honor of the Department of Transportation. It took a while for us to get into the swing of being responsible owners; sometimes the first to leave for
The increasing use of predictive analytics in mission-critical business decisions and operations brings new challenges to the forefront for many of our customers. Throughout the last year I spoke to many customers about their use of predictive analytics and where they see areas of improvement to achieve even more success
In part 1 of my thoughts about analytics maturity, I deferred talking about issues related to the actual assessment of your organization’s level. Today I intend to detail some of the ways my peers and I are thinking about analytical maturity, comment on scales in use today, and address some
I’ve heard it said that the only thing you can count on in life is change. The same can be said of technology. Change is certain, and the rate of change seems to accelerate with each passing year. Change requires us to adapt, but as we race to keep up with