In my previous post Sisyphus didn’t need a fitness tracker, I recommended that you only collect, measure and analyze big data if it helps you make a better decision or change your actions. Unfortunately, it’s difficult to know ahead of time which data will meet that criteria. We often, therefore, collect, measure and analyze
Tag: analytics
The Chicken Man versus the Data Scientist
Sisyphus didn’t need a fitness tracker
In his pithy style, Seth Godin’s recent blog post Analytics without action said more in 32 words than most posts say in 320 words or most white papers say in 3200 words. (For those counting along, my opening sentence alone used 32 words). Godin’s blog post, in its entirety, stated: “Don’t measure
How to show recessions (or other ranges) on a time series plot
It's easy to plot events that happened at a certain time, but what about events that extended over a range of dates, such as recessions? ... This blog post teaches you a nice trick to use for that! Let's say you have a plot of the labor force participation rate