Correlation Analysis Quotes

Statistics are about as interesting as first base coaches.

Before the curse of statistics fell upon mankind we lived a happy, innocent life, full of merriment and go and informed by fairly good judgment.

Statistics is the most important science in the whole world: for upon it depends the practical application of every other science and of every art: the one science essential to all political and social administration, all education, all organization based on experience, for it only gives results of our experience.

You've got to be very cognizant of the correlation between social media links and business because they don't always correlate as highly as people would like.

[Statistics] The science that can prove everything except the usefulness of statistics.

Statistics is the first of the inexact sciences.

Over the past 65 years changes in the top tax rate do not appear correlated with economic growth.

There is an unusually high and consistent correlation between the stupidity of a given person and that person’s propensity to be impressed by the measurement of IQ.

There's nothing really connecting the behavior of the Nile, metallurgy, and the behavior of prices except that I had the mathematical tools to explain them.

If you look at academic studies, you can see that stock prices are most closely correlated with cash flow. It's such a straightforward number. Cash flow is what will drive shareholder returns.

Throughout the western world, new systems have risen up whose job is to constantly record and monitor the present - and then compare that to the recorded past. The aim is to discover patterns, coincidences and correlations, and from that, find ways of stopping change. Keeping things the same.

By definition, big data cannot yield complicated descriptions of causality. Especially in healthcare. Almost all of our diseases occur in the intersections of systems in the body.

[Statistics are] the only tools by which an opening can be cut through the formidable thicket of difficulties that bars the path of those who pursue the Science of Man.

The combination of some data and an aching desire for an answer does not ensure that a reasonable answer can be extracted from a given body of data.

Statistics has been the handmaid of science, and has poured a flood of light upon the dark questions of famine and pestilence, ignorance and crime, disease and death.

When we see a strong correlation, and the matter at-hand is something with major health or safety or security implications, then we are behooved to at least begin taking preliminary precautions in case the correlation proves to be causative.

The aim of science is not things themselves, as the dogmatists in their simplicity imagine, but the relation between things.

I've yet to see a correlation in my industry between great social media and great numbers.

There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes.

Some people hate the very name of statistics, but I find them full of beauty and interest. Whenever they are not brutalized, but delicately handled by the higher methods, and are warily interpreted, their power of dealing with complicated phenomena is extraordinary. They are the only tools by which an opening can be cut through the formidable thicket of difficulties that bars the path of those who pursue the Science of Man.

There are many types of economic data, but the type considered by Rob Engle and myself is know as time series.

One more fagot of these adamantine bandages is the new science of Statistics.

Obviously it's a statistics game.

The reason is they failed to learned the primary lesson we should have learned from when Long Term Capital Management went belly up ten years ago. That is, investments that seem uncorrelated can be correlated simply because we're interested in it.

Statistics is a science which ought to be honourable, the basis of many most important sciences; but it is not to be carried on by steam, this science, any more than others are; a wise head is requisite for carrying it on.