Posted by
Bruce Weaver on
URL: http://spssx-discussion.165.s1.nabble.com/Happy-Pi-Day-2021-tp5740284p5740292.html
“Did you know that 87.166253% of all statistics claim a precision of results
that is not justified by the method employed?”
— Anonymous
https://www.wyliecomm.com/writing-tips/readability/how-to-write-about-statistics/quotes-on-writing-with-statistics/Jon Peck wrote
> What the article doesn't mention - and this is a more practical
> consideration - is the accuracy of the modeling data that pi might be
> applied to. Most measurements in practice are probably not good to more
> than four or five significant figures, if that, at least in the social
> sciences. I used to give students as an exercise to add a random digit at
> the accuracy limit and see how it affected their model estimates. Throw
> in
> a little multicollinearity and there you are.
>
> See the famous Morgenstern book A Perspective on the Accuracy of Economic
> Observations on JSTOR <
https://www.jstor.org/stable/1403345?seq=1>
> and
> some updates (behind a paywall, unfortunately)
>
> On Mon, Mar 15, 2021 at 9:38 AM Andy W <
> apwheele@
> apwheele@
>>
http://andrewpwheeler.wordpress.com/>> --
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> --
> Jon K Peck
> jkpeck@
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Bruce Weaver
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