Words to Live By: The Parsimonious Life

Here’s your market research moment for the day: in statistics, the term parsimonious generally refers to the idea that the simplest interpretation of the data is best. Also referred to as Ockham’s razor, the law of parsimony reminds us not to get unnecessarily distracted by flashy analysis methods or excess information. The first time I … Continue reading Words to Live By: The Parsimonious Life