Words to Live By: The Parsimonious Life

Hereโ€™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 Ockhamโ€™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