From Wall Street Journal
Statistical methods make it possible to run the analyses that make big-data analytics possible.
Michael S. Malone’s “The Big-Data Future Has Arrived” (op-ed, Feb. 23) provides an interesting overview of the benefits being made possible through the abundance of data and the capabilities to analyze it. However, it also propagates a common myth that this new world of data “signals the end of the reign of statistics,” with the argument given that being able to measure all the data negates the need to sample and extrapolate. ---------