Tuesday, February 8, 2011

Krugman does stat 101

Nothing fancy, no big insights, just a couple of bell curves, but this post by Paul Krugman does a nice job presenting weather trends and extreme events in terms of probability. He makes it simple but not overly simplified. We need more of this.

Krugman also deserves bonus points for describing economist's practice of putting the independent variable on the wrong axis as a QWERTY problem.

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