Data Mining: Detecting patterns isn’t the same as looking for them


LOS ANGELES, CA - AUGUST 30:  Big Bird arrives...

Image by Getty Images via @daylife

In the fine tradition of Sesame Street this blog is brought to you by the word APOPHENIA and the number 2 [two being the number of members from the Linkedin “Risk, Regulation & Reporting” Forum (on Linkedin) – Vladimir Seroff and Joe Erl – to whom I owe a debt of thanks, for inspiring this blog].

This Ontonix presentation illustrates, the limitations of conventional statistical analysis, when data does not conform to a linear fit…how inconvenient, misleading and downright dangerous! Read more of this post