THIS IS THE SECOND TIME I AM UPLOADING THIS QUESTION - PLEASE READ THE REQUIREMENT! ANSWER...

THIS IS THE SECOND TIME I AM UPLOADING THIS QUESTION - PLEASE READ THE REQUIREMENT! ANSWER IN 150 WORDS OR LESS!

Section 1 (3 marks: You can start this section after Week 4 lecture)

Read the following article:
Harford, T. (2014), ‘Big data: A big mistake?’, Significance 11(5), 14–19.

Question: Critically evaluate the main points of the article using three bullet points, in less than 150 words in total.

Critical evaluation means

To give your opinion on something
To support your opinion (with evidence where possible).
Note: Critiquing is NOT simply stating that something is “bad”.
Weigh up strengths and weaknesses.
Appraise the worth of something - test assumptions - judge the worth of an argument

or position.
Your points of evaluation may include the following (but not limited to):

Correlation vs. causation
Importance of theories or insights in statistical analysis
Multiple testing problem
Sampling error
Sampling bias
Big data hubris

In providing your answers, you can also refer to the contents of Lecture in Week 4 (Statistical Significance in Empirical Research)

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

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