Similar to claims fraud, money laundering is seen as a victimless crime, and often glamorized in movies and books. Think “The Wolf of Wall Street” and “Scarface”. But money laundering is a SERIOUS problem. According to a 2013 report, the United Nations Office on Drugs and Crime estimates that $1.6
“Garbage in, garbage out” is more than a catchphrase – it’s the unfortunate reality in many analytics initiatives. For most analytical applications, the biggest problem lies not in the predictive modeling, but in gathering and preparing data for analysis. When the analytics seems to be underperforming, the problem almost invariably
A recent study by Bai & Anderson has found that some hospitals charge 10x (ie, 1000%) higher than the standard rates set by Medicare. Many news agencies have posted the list of the 50 US hospitals that have the highest markup. But I am more visually oriented, so of course I used SAS
