"Thank you for your insightfull post; you hit the nail right on the head. As you note, coincidence is a good starting point when looking for explanation, but coincidence in itself does not imply causality. And leaping to make that link for explanation is a fallacy often perpetrated by those who twidle statistics. It's the boon and bane of the social sciences."I am apparently the first to bother recommending db's post, which makes the point far more succinctly and precisely than my own (what else is new).Statistics can, indeed, be a bane to social science. However, it is much more of a bane in the hands of politicians or those trying to sell some financial "certainty" or themselves.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra