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OPINIONISTA: Lies, damn lies and statistics: Revision of South Africa's GDP figures a reason to start effectively harnessing big data

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OPINIONISTA: Lies, damn lies and statistics: Revision of South Africa's GDP figures a reason to start effectively harnessing big data

By definition, statistics are usually an estimation and are never exact. The recent revision of South Africa's Gross Domestic Product (GDP), indicating that the economy is actually 11% bigger than previously thought, is a glaring example. We need to harness big data more effectively in our statistical analyses.

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OPINIONISTA: Lies, damn lies and statistics: Revision of South Africa's GDP figures a reason to start effectively harnessing big data

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OPINIONISTA: Lies, damn lies and statistics: Revision of South Africa's GDP figures a reason to start effectively harnessing big data

Rate This Post

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Topics Trending Today

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Unlocking the Power of Knowledge for Humanity's Progress

Unlocking the Power of Knowledge
for Humanity's Progress

Unlocking the Power of Knowledge
for Humanity's Progress