May 8 2016
Introduction to R for Excel Users | Thomas Hopper | R-bloggers
“…The quality of our decisions in an industrial environment depends strongly on the quality of our analyses of data. Excel, a tool designed for simple financial analyses, is often used for data analysis simply because it’s the tool at hand, provided by corporate IT departments who are not trained in data science.
Unfortunately, Excel is a very poor tool for data analysis and its use results in incomplete and inaccurate analyses, which in turn result in incorrect or, at best, suboptimal business decisions. In a highly competitive, global business environment, using the right tools can make the difference between a business’ survival and failure. Alternatives to Excel exist that lead to clearer thinking and better decisions. The free software R is one of the best of these…”
Sourced through Scoop.it from: www.r-bloggers.com
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Nov 22 2016
If Talk Of Probability Makes Your Eyes Glaze Over…
Few terms cause manufacturing professionals’ eyes to glaze over like “probability.” They perceive it as a complicated theory without much relevance to their work. It is nowhere to be found in the Japanese literature on production systems and supply chains, or in the American literature on Lean. Among influential American thinkers on manufacturing, Deming was the only one to focus on it, albeit implicitly, when he made “Knowledge of Variation” one of the four components of his System of Profound Knowledge (SoPK).
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By Michel Baudin • Data science • 1 • Tags: Deming, Lean, Manufacturing, Operations Research, Probability