Keeping Up with the Quants: Your Guide to Understanding and Using Analytics

One of the most popular books is Darrell Huff’s How to Lie with Statistics, the best-selling statistics book of the second half of the twentieth century.

Most textbooks pair the topic with basic statistics, because statistics requires probabilistic thinking.

Problems analyzed and decision policies implemented spanned problems from determining machine quantities and layout to managing work-in-progress and equipment maintenance.

At Expedia again, for example, one Eureka story involved eliminating change/cancel fees from online hotel, cruise, and car rental reservations.

The essence of creative data analysis is in finding a pattern among the variables in the data. This pattern denotes a regular relationship hidden in the variables.

Georg Hegel, the German philosopher, felt that only the person who thinks highly analytically can have pure and true intuition.11

However, we believe that intuition is an ability that one can acquire primarily through the continuous repetition of analysis, quantitative and otherwise.

As you look at these things, they become part of you. And you forgot yourself. The main thing about it is you forgot yourself.”

The depth of painstakingly hard work, and the strength of the immersion determine the inspiration.