3 ms·
I'm much more impressed when someone can squeeze information out of small data. W.S Gosset was extracting tons of information from as little as two observation
by RA_Fisher 13y ago
I'm much more impressed when someone can squeeze information out of small data. W.S Gosset was extracting tons of information from as little as two observations. I'm very grateful that my advisor guided my cohort to work with two-observation MLE in many contexts. This type of practice focuses the analyst on squeezing out as much information as possible. When applied to big data, this approach can be very useful. Big data comes with data wrangling challenges, but if you don't carefully squeeze out information, you'll be leaving tons and tons on the table.