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There is an old expression, "the man who knows 'how' will always have a job... reporting to the man that knows 'why'".
This is a fantastic book on the 'what' and 'why' of statistical analysis but if you are looking for a book on 'how' to do a regression analysis, you would want to find a different book.
I teach Six Sigma Black Belt classes and after listening to this book I ordered 25 copies to give to everyone in a class I am teaching. What I really liked about this book is that the author uses a wide variety of examples, from medicine to casinos to car dealers to credit cards to hiring practices, etc. etc. In each example, the author explains how data mining and number crunching has been used to make amazingly accurate predictions that most experts in that particular field did not think possible.
The book is fascinating from beginning to end. It is also a little Orwellian in places as you begin to realize that the surveillance technology show cased in books such as "1984" and movies such as "Minority Report" are much closer to reality than most people realize.
Between audible.com and traditional books, I read/listen to about 30 books a year and I would place this book in my top 5 favorite list over the past couple of years.
27 of 27 people found this review helpful
This was an extremely intersting book on how the analysis of information is used to improve decision making, sales campaigns, medical decisions etc. It demonstrates the power of collecting objective information in virtually all endeavors to assess the success of your decisions and how to make the next decision. There is virtually no actual math or technical descriptions about how information is collected or how it is analyzed - most just making the case that you should collect the data and that you should analyze it. In this sense, it is not a 'how to' book but rather 'why you should' book. Although I am great believer in this approach and in fact, do it for a living, after about the 2/3 mark, I found that the book became a bit tedious as there many examples of the same thing and there was little description of how people are actually collecting information.
I realize these types of books are difficult to write because they try and balance information and entertainment with minimal actual technical detail. However, I thought there should have more technical detail in fewer examples. I am guessing that readers attracted to this book have more than a passing intested in the technology and methods.
8 of 8 people found this review helpful
Good but not great - Many curiousities are described which have come about in the age of super processing and data storage capability. Some insight into the suprisingly competitive world of stats based economists