Statistics Is Not Math

Sunday data/statistics link roundup (5/20)

It’s grant season around here so I’ll be brief: I love this article in the WSJ about the crisis at JP Morgan. The key point it highlights is that looking only at the high-level analysis and summaries can be misleading, you have to look at the raw data to see the potential problems. As data become more complex, I think its critical we stay in touch with the raw data, regardless of discipline.