Thomas Fuller, British Clergyman and
Writer, one of the most prolific authors of the 17th century. 1608-1661
All things are difficult before
they are easy.
Albert Einstein (1879-1955)
"Everything should be made
as simple as possible, but not simpler.
Louis Pasteur (1822 95)
Fortune favors the prepared mind.
Data comes from many sources : physical world including environment,
scientific experimentation, observational studies, industrial processes,
corporate data including insurance companies, financial world
All of these data sources have a signal which
is masked by noise. Statistical methods
view this noise as random and has methods to deal with quantifying this
randomness and ability to make predictions.
A cartoon from https://www.causeweb.org/cause/
from the organization Consortium
for the Advancement of Undergraduate Statistics Education