Earlier on this blog I’ve written about the misuse of the term “exponential” when it is used to describe explosive increase in a particular number. My suspicion is that this misuse of the word “exponential” comes from Computer Science and complexity theory – where the hardest problems to crack are those which require time/space that…
Analytics and complexity
I recently learnt that a number of people think that the more the number of variables you use in your model, the better your model is! What has surprised me is that I’ve met a lot of people who think so, and recommendations for simple models haven’t been taken too kindly. The conversation usually goes…