Friday, January 1, 2010

Using Data vs. Statistical Noise

"Before you can use data to justify any action, you must be able to detect a potential signal within the data. Otherwise you are likely to be interpreting noise. Nobody tunes in and listens to static on a car radio - so why should you try to run your business by listening to, and attempting to interpret, static?"

Donald J. Wheeler
Understanding Variation - The Key to Managing Chaos

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