Miscellaneous things

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.