Monday Morning Data Chat #91 - Making Statistics Fun for the Masses w/ Josh Starmer (StatQuest)
Aug 15, 2022
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Transcript
Episode notes
Airboat On The Shrinking Great Salt Lake
- Matt described taking an airboat ride on the Great Salt Lake and noted how shallow it is.
- The guide reported the lake has shrunk dramatically over decades, which they found disturbing.
Quantify Model Uncertainty, Not Just Accuracy
- When evaluating models, quantify uncertainty not just point estimates.
- Use techniques like bootstrapping to produce confidence bounds even for complex models.
Avoid P-Hacking With Power And Adjustments
- Prevent p-hacking by planning sample sizes with power analysis before experiments.
- Adjust p-values when running many tests to avoid false positives from multiple comparisons.