3 ms·
So far I have observed that statistics as a whole are useless for decision support. They are definitely useful as part of bigger models that we cannot explicit
by whatever1 4y ago
So far I have observed that statistics as a whole are useless for decision support.
They are definitely useful as part of bigger models that we cannot explicitly express them in multiple fields. Physics, chemistry, ML, they all utilize statistics to make useful models and that is great.
The issue is that decision making is a singular point, and statistics are very good at not taking any responsibility for their bad predictions.
If you make a decision with an expected outcome the statistician will come out swinging. If it was the unexpected outcome then you are faced with “Well you were unlucky, that’s statistics”.