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"
Nicely written. Sometimes when we are confronted with something ehich seemed vague in the past. It all makes sense when we discover the magic and its application. When I learnt statistics it was dry as well. When I had to teach mom during her M A in psychology it all semmed to fall into place.
ReplyDeleteVery well written. Makes me think back on my love for Math in High school and Undergrad.
ReplyDeletebig data!
ReplyDeleteIt's exact same thing for me (strangely!). I used to get good grades on other math courses (calculus, algebra, trigonometric...) in OAC and University, and I thought I was the "other" John Nash until I came across statistics. Statistics just went over my head. I just want to make peace with statistics.
ReplyDeleteand Good thing you made peace with it.
ReplyDeleteLOL, you wish you were the other John Nash :p
ReplyDeleteyeah (haha!)- "minus" the psych issues
ReplyDeleteAtleast stats has real like meaning unlike calculus which I hated with a passion! I think it depends on the kind of teacher you have. Nice post!
ReplyDeleteVery good Salman, very well written. Good pointing how sometimes things get degraded initially as a default response of our weakness to it :)
ReplyDeleteGood share, keep mining.
ReplyDelete