I recall the first time I encountered the idea of "asset allocation" many years ago. As the argument goes, the perfect allocation of assets should lead to the greatest return possible in light of one's risk tolerance. Perhaps thousands of years ago, although I haven't studied this in any detail, somebody had the idea that dancing in just the right way might satisfy the spirits enough to cause it to rain. There is the similar notion of delivering the perfect incantation to invoke supernatural…Continue
Added by Don Philip Faithful on September 13, 2015 at 6:06am — No Comments
In this blog, I will explain how an approach to handle small amounts data can be reconstructed to handle much larger amounts. This reconstruction is the product of an anomalous perspective or mutation relating to the attribution of performance.
Many businesses share certain common features.…Continue
Added by Don Philip Faithful on August 1, 2014 at 6:21am — No Comments
The role of statistics in data science is often debated. Despite rapid developments in technology giving access to algorithmically sophisticated approaches, I feel that statistics can still provide many worthwhile insights. If I have a database of sales figures spanning many years, I feel that I can become more aware of historic trends and seasonal patterns through the use of statistics. Statistics offers a sense of state, direction, pace, and progress. Statistics can also enable estimation…Continue
Added by Don Philip Faithful on July 19, 2014 at 7:57am — No Comments