A problem of statistical inference or, more simply, a statistics problem is a problem in which data that have been generated in accordance with some unknown probability distribution must be analyzed and some type of inference about the unknown distribution… — Morris H. DeGroot Copy Share Image
The problem with data is that it says a lot, but it also says nothing. 'Big data' is terrific, but it's usually thin. To understand why something is happening, we have to engage in both forensics and guess work. — Sendhil Mullainathan Copy Share Image