Poets&Quants | Atlantalytics: Demystifying Business Analytics

You may have heard that 68% of statistics are made up on the spot. Or that all models are wrong, but some are useful. Perhaps you’ve witnessed an event that had less than a 1% chance of happening or (ideally) placed a bet with impossible odds and won.

These, among many others, are some of the reasons analytics and statistics can be so terrifying or hard to understand. For example, sometimes a single set of data can be interpreted multiple ways to tell different sides of the same story. Not surprisingly, that makes some people skeptical about how data is used.

One clear example of this is Simpson’s Paradox, which is a phenomenon where a trend occurs in subsections of data but is not present in the entire set (or vice versa). Take COVID data, something we’ve all heard plenty about over the past year. In February, an analysis done

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Getting together with the Economic Resource Council

During times when gathering may be a bit of a challenge, the Nevada County Economic Resource Council continues to find innovative means to bring groups together to learn, network and improve the business climate in our region.

The Economic Resource Council facilitates monthly and bi-monthly meet ups throughout the year – staff is working to move back to in person get-togethers as soon as it is safe to do so — but has stayed connected utilizing popular social media platforms during the pandemic.

You can get involved with the Economic Resource Council by attending the monthly board meetings on the first Thursday of each month. The Board of Directors is a cross section of both public and private organizations who gather to discuss a variety of issues facing the local community. Representatives include city and county government, education, healthcare, real estate, manufacturing, technology, agriculture, and others who gather regularly to

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U.S. crude output to fall less in 2021 than previously forecast -EIA

An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann

NEW YORK, Aug 10 (Reuters) – U.S. crude oil production is expected to fall by 160,000 barrels per day (bpd) in 2021 to 11.12 million bpd, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday, a smaller decline than its previous forecast for a drop of 210,000 bpd.

Oil prices have rebounded from the historic lows seen last year, prompting some U.S. producers to boost drilling activity. The total U.S. rig count has more than doubled since falling to a record low in August last year.

The EIA said it expects production to be relatively flat through October before beginning to rise in November and December and throughout 2022.

For 2022, U.S. crude production is expected to average about 11.8 million bpd, a rise of 650,000 bpd, smaller than

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Opening The Path To Women’s Leadership In The Business World

Regina Granados De Ita is the CEO of LeasePlan Mexico, a vehicle leasing company in Mexico.

The role of women when it comes to economic reactivation across the world is fundamental in my opinion. I believe it is time for qualified and competent women to take increasingly important leadership positions and drive both organizations and institutions toward a new normal state in which talent comes first, without any distinction in terms of gender or any other personal condition.

According to a 2018 study from McKinsey & Company, 15% of companies in Mexico have women in senior management positions and only 8% have women as CEOs. This tells us that everyone has a part to play in achieving greater equality. Even though there are more women in strategic decision-making positions than there used to be, we are still the exception. This unfortunately happens in every sector and especially with

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