Quote:
Originally Posted by freebeard
Okey doke. Here's a summation in you own words, with one alteration.
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Statistics isn't just for economics.
It's a requirement for undergraduate engineering now, to mention one.
All the Voyager space probe data sent to JPL required statistical analysis.Those people aren't economists.
Scatter-plots are smoothed to enable an observer to discern any trends, like temp as a function of atmospheric carbon-dioxide concentration.
Hockey-sticks, 'n such.
PBS Television had a great show on statistics a few years ago, which brought in some of the more sophisticated techniques used to tease data out of otherwise random-looking mayhem.
Kriging, Monte Carlo Simulations, etc..