The Biggest Challenge in Data Analytics Econometrics In college id like to believe they set up the environment as similar to the real world as possible. But we all know that is not true. Here is a personal anecdote of how it didn’t prepare me for my biggest challenge in data science so far. When […]
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AI Will Replace Humans… But Not Right Now Econometrics | Public Choice Artificial Intelligence is not what you think. It is not real intelligence, hence it being artificial. But many think with the rise of ChatGPT that AI is ready to take over humans and our jobs. But it is not. AI is a prediction
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My 2022 Fantasy Football PPR Prediction Review Econometrics With the 2022 NFL season coming to a close (Go Giants!) it is a perfect time to see how well my fantasy football player predictions went. To recap, I wanted to see if I could predict NFL players’ fantasy points for the upcoming season. I used data
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Why it is Difficult for People to Understand Statistics Behavioral Economics | Econometrics Fundamentally humans like to bring meaning to their life. Without meaning there is too much randomness to make sense of anything. We don’t like randomness, we try to always associate the unknown with something known. The creation of life and death on
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Elon Musk Using the Pareto Principle in Real Time Econometrics After the recent acquisition of Twitter, Elon Musk promptly fired 50% of the employees. Shortly after that many more were left of their own free will. It is estimated that more than 50% of Twitter employees are gone compared to only one month ago. Fear
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The Effect of Climate Change Mitigating Policy on Electricity Prices Public Choice | Econometrics Climate Change has been a hot topic in recent years. Debate on what government policy should be implemented, if any, is heated and usually ends with no compromise. My team and I decided to search for the answer to one of
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Degree of Randomness vs Skill Game Theory | Econometrics Every game that is played is on a spectrum from a pure game of chance to a pure game of skill. A pure game of chance would be roulette. There are 37 (or 38 if you are playing a double zero wheel) possible outcomes in roulette.
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My Fantasy Football PPR Prediction Econometrics | Game Theory As a fan of professional football I also part take in fantasy football as do many others. About 75 million people in the US play fantasy football. I wanted to see if I could get the upper hand on my friends. That is where I got
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Is the Correct Minimum Wage to Follow Productivity? Financial Freedom | Econometrics The Claim Finding the “correct” minimum wage seems more of a subjective goal rather than an objective one. But the fight to increase the federal minimum wage has been present for as long as I can remember. The claim is that the minimum
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NCAA Basketball – To Score More, You Should Miss More Econometrics Using a multivariate analysis, I studied what factors affect the men’s NCAA basketball average points per game. The independent variables I studied were the average field goals made per game, the average field goals attempted per game, and the field goal percentage throughout the
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