HBR Guide to Data Analytics Basics for Managers Quotes

“All models are wrong, but some are useful.” In other words, models intentionally simplify our complex world.”
― Harvard Business Review, HBR Guide to Data Analytics Basics for Managers

“This came into play recently in a partnership between an Australian supermarket and an auto insurance company. Combining data from the supermarket’s loyalty card program with auto claims information revealed interesting correlations. The data showed that people who buy red meat and milk are good car insurance risks while people who buy pasta and spirits and who fuel their cars at night are poor risks. Though this statistical relationship could be an indicator of risky behaviors (driving”
― Harvard Business Review, HBR Guide to Data Analytics Basics for Managers