10/7/2023 0 Comments Data dredging vs data mining![]() How can we keep confirmation bias from tainting our data analysis and decision-making? Here are some tips, which is equally applicable to all things you do for your business: In fact, another common manifestation of confirmation bias is to look at the same set of data and get different conclusions. Even if you have carefully framed your problem, meticulously collected and cleaned the data, and chose the best analysis methods, your interpretation of data is still affected by biases.There is a reason Mark Twain said “Facts are stubborn things, but statistics are pliable.” As highlighted above, you can actually massage the data or beat it enough to give you the result that you want.One must be most careful during the process of data collection and cleaning. There is a thin line between selecting the relevant data and cherry-picking. The most common manifestation of confirmation bias involves selection of data that suits one’s agenda or hypothesis.It is tempting to frame the problem such that the only conclusion possible suits one’s agenda or hypothesis. The process of defining the problem can be fraught with all kinds of biases. ![]()
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