Inductive vs Deductive approaches #statisticalThinking @muralCo #imagine2020
In this past month I've had a bunch of interesting interactions with strategists, consultants and statisticians. Quite tongue-in-cheek, but I thought I'd share this insight on #inductive vs. #deductive approaches to statistics : Settling the debate between induction vs deduction once and for all. #StatsTikTok pic.twitter.com/U7xSuBFrTL — Daniël Lakens (@lakens) May 17, 2020 Inductive vs Deductive But more seriously, what does it mean to be inductive or deductive? I'm sharing my notes here, because it was a chance for me to experiment with the Mural service, having attended some of Mural #Imagine2020 . I'm planning to use #Mural on my next data science project and I can quickly see how this can be a great facilitation tool to work with problem owners and business leaders to bring design thinking and a clear analytical thought process to their ill-defined business problems. Figure 1: Inductive thinking Let's have a hypothetical situation of a manufacturer of unique p...