Re: Happy Pi Day, 2021

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@

> > wrote:
>
>> Well Bruce, at least your solution is good enough for government work,
>>
>> https://www.jpl.nasa.gov/edu/news/2016/3/16/how-many-decimals-of-pi-do-we-really-need/
>> .
>>
>>
>>
>> -----
>> Andy W
>>

> apwheele@

>> http://andrewpwheeler.wordpress.com/
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> Jon K Peck

> jkpeck@

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-----
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Bruce Weaver
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