Statistician Kaiser Fung: Investigate The Process Behind A Numerical Finding (Part 1)

Summary: In the business world, if we’re looking for actionable insights, many think it’s found using an algorithm. However, statistician Kaiser Fung disagrees. With degrees in engineering, statistics, and an MBA from Harvard, Fung believes that both algorithms and humans are needed, as the sum is greater than its individual parts. Moreover, the worldview he suggests one should cultivate is numbersense. How? When presented with a numerical finding, go the extra mile and investigate the methodology, biases, and sources. For more tips, listen to part one of our interview with Kaiser as he uses recent headlines to dissect the problems with how data is analyzed and presented to the general public.