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Friday, November 28, 2014

Analysis Defined.

Dictionary definition: Examination of structure as a basis for interpretation.

As an action: Data -> Results.
Or more richly: Inputs and Ideas -> Decisions and Deliverables.

Methodologies: 7C's:

Traditional: Three "Chi"s:
  • 1. Chance - guess.
  • 2. Cheat - know the answer before one starts.
  • 3. Chestnuts - rules of thumb with unknown basis, gut.
Systematic: Four "K"s:
  • 4. Coordination - statistics and regression for projection - functions of independent variables against well understood dependent varaiables like time and position.
  • 5. Correlation - aka coincidence - any available variable against any other variable... including methods used in Big Data.
  • 6. Crowd - wisdom of the masses (large numbers) - human and others - emergence.
  • 7. Core - models based on reality - physical and observed.
The first six are all about getting to the seventh - building a model of reality. The key is a platform and framework for getting to the core.

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