Tuesday, July 22, 2014

How Can Precision Actually Be a Bias?

Steve Kaplan Marketing:

How Can Precision Actually Be a Bias?


Let’s say you’ve got a set of studies on the same subject, and they all yield very similar results. They must be showing an accurate answer, right? Nope. Precision and accuracy are not anywhere near the same thing. Mixing them up could get you in real trouble.


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