Edward Dahlberg Quotes

The numbers are hard to control.

I have great admiration for the way the Americans do business. They drive a hard bargain, but once they do it, they stick to their contracts.

We all know that Americans love their statistics - in sport, obviously. And in finance too.

I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.

When you are led by values, it doesn't cost your business, it helps your business.

There are many types of economic data, but the type considered by Rob Engle and myself is know as time series.

I have to come to terms with the paternalism of American business. Companies are expected to take on so many social responsibilities which are the province of the state in Europe.

My rackets are run on strictly American lines and they're going to stay that way.

I'm not too worried about stats and stuff like that.

I've got a lot of stats. I did a lot of stuff.

I've never been a stat guy.

Good marketers measure.

Statistics and numbers are no good unless you have good people to analyse and then interpret their meaning and importance.

I bathe in statistics.

A lot of people think big business in America is a bad thing. I think it's a really good thing. Most people in business are ethical, hard-working, good people. And it's a meritocracy.

Data scientist is just a sexed up word for statistician.

Statistics, one may hope, will improve gradually, and become good for something. Meanwhile, it is to be feared the crabbed satirist was partly right, as things go: "A judicious man," says he, "looks at Statistics, not to get knowledge, but to save himself from having ignorance foisted on him."

I always remind myself that what one observes is at best a combination of variance and returns, not just returns.

All science requires mathematics.

I live my life by the numbers. Not only am I an American, I am an Americanist.

Statistics is, or should be, about scientific investigation and how to do it better, but many statisticians believe it is a branch of mathematics. Now I agree that the physicist, the chemist, the engineer, and the statistician can never know too much mathematics, but their objectives should be better physics, better chemistry, better engineering, and in the case of statistics, better scientific investigation. Whether in any given study this implies more or less mathematics is incidental.

What gets measured gets improved.

Statistics were magic like this: they could tell you with near-certainty that a thing would occur, without a hint of when or where.

If it can't be expressed in figures, it is not science; it is opinion. It has long been known that one horse can run faster than another - but which one? Differences are crucial.

Of course, analysis can sometimes give more accurate results than intuition but usually it’s just a lot of work. I normally do what my intuition tells me to do. Most of the time spent thinking is just to double-check.