Regression Analysis Quotes

Reversion to the mean is the iron rule of the financial markets.

I don’t believe in statistics. I believe in calculus.

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 are about as interesting as first base coaches.

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.

Statistics is the first of the inexact sciences.

The big mystery of Big Data is causation versus correlation.

The best thing about being a statistician is that you get to play in everyone's backyard.

Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.

[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.

Statistics are there to be broken.

I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.

Regression analyses show that self-efficacy contributes to achievement behavior beyond the effects of cognitive skills

The bigger a data set that you have, the more polls, the more surveys that you have that people undertake, the more accurate your models are going to be. That's just a fact of data science.

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.

If you're a social scientist worth your salt, you never do a univariate analysis.

You can lead a horse to water but you can't make him enter regional distribution codes in data field 97 to facilitate regression analysis on the back end.

Obviously it's a statistics game.

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.

All too often when liberals cite statistics, they forget the statisticians' warning that correlation is not causation.