Quote by W. Edwards Deming
Data are not taken for museum purposes; they are taken as a basis for doing something. If nothing is to be done with the data, then there is no use in collecting any. The ultimate purpose of taking data is to provide a basis for action or a recommendation for action. The step intermediate between the collection of data and the action is prediction.
Comment
On a Classification of the Problems of Statistical Inference, June 1942, Journal of the American Statistical Association page 173 (article runs from page 173 to 185).
Related blog posts: Data are not taken for museum purposes; they are taken as a basis for doing something. - Metrics are valuable when they are actionable - Management is prediction
Source
On a Classification of the Problems of Statistical Inference
Categories:
Actions, data, management, statistics
