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by fonnesbeck
3533 days ago
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The statement "More wisdom potentially gets extracted when you apply Statistics to more (and better) data, but the analysis itself doesn’t improve with better data." simply isn't true. A hierarchical model, for example, is increasingly able to model subgroups and additional levels of hierarchy as more data are added. Penalized regression (or Bayesian regression) is another example -- the model is structurally different as you change the quantity of data. The difference between ML and statistics is entirely semantic. Is logistic regression a ML method or a statistical method? It is both! |
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That's the part that's going to have the impact---automated improvement of the way Statistics is applied to data analysis.
Is that not major enough to be considered and discussed separately?