[plug] These prices are HOT

[Alex Nordstrom]

Thursday, 10 November 2005 20:30, garry wrote:
> >Of course, you do realise that anecdotal evidence is not a very good
> >statistical indicator and that it fails to say much, if anything,
> > about risk, for example.
>
> I don't know about that... Anecdotal evidence is used in a few fields
> - insurance actuarialism and climate forecasting both are sophiscated
> statistical operations that jump to mind....

I believe you're thinking of empirical evidence, not anecdotal evidence. 
If climate forecasting were based on anecdotal evidence, we'd be 
worried about global warming because "the winters aren't as cold as I 
remember them being when I was a child". Come to think of it, maybe 
you're right.

-- 
Alex Nordstrom
http://lx.n3.net/
Please do not CC me in followups; I am subscribed to plug.
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: application/pgp-signature
Size: 189 bytes
Desc: not available
URL: <http://lists.plug.org.au/pipermail/plug/attachments/20051110/9d2a7fd3/attachment.pgp>