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Better to Be Approximately Right Than Precisely Wrong

12 July, 2018 by James Lawther 4 Comments

Ice-cream van

Spurious accuracy Thirty years ago I sat in a factory office with my head bowed low, looking at the dirty grey lino floor.  My boss, a middle-aged, overweight man wearing a white coat smeared with ice-cream was berating me in a broad west country accent. Apparently I was wasting both my time and his.  I […]

Filed Under: Blog, Operations Analysis Tagged With: analysis paralysis, assumptions, over-processing, spurious accuracy, statistics, test and learn

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