In my past academic life I always boasted my Math aptitude. I excelled in Math tests and exams in school and university:
From solving quadratic algebraic equations to proving trigonometric equations; from finding tangent in Geometry to calculating derivative of differential equations in Calculus. I used to be proud of my Mathematical prowess.
I was also humble of my natural talent; helped peers to grasp the obvious concepts which they found elusive. Alright I was not that humble lol.
From solving quadratic algebraic equations to proving trigonometric equations; from finding tangent in Geometry to calculating derivative of differential equations in Calculus. I used to be proud of my Mathematical prowess.
I was also humble of my natural talent; helped peers to grasp the obvious concepts which they found elusive. Alright I was not that humble lol.
Behold! There was another branch of Math which brought me to my knees: Statistics! In my undergrad, I shrugged off this weakness by dismissing Stats not really being pure Maths. When I encountered this subject again in my Masters program I had a different level of appreciation for this important pillar of Mathematics.
Statistics is the backbone of Economics and Maths. Stats interlinks Geeks and Business people. Stats can tell stories about data which would otherwise be nothing but heap of coal i.e. useless. Statistical Analysis harness the data to turn into diamond!
From predicting forecasting models to finding correlations between customer behavior and store temperature - you need deep Statistics understanding to validate or discover any trends.
From predicting forecasting models to finding correlations between customer behavior and store temperature - you need deep Statistics understanding to validate or discover any trends.
With data being the digital gold for corporates, many companies are mining data to run statistical analysis on the data. Companies are making key strategic decisions that are more analytic driven rather than relying on gut feeling.
From 'Minority Report' to 'Money Ball' Stats is the Hero
Ending from a quote by Bernard Shaw:
"It is the mark of a truly intelligent person to be moved by statistics"