Openwater Advisors is a private equity and strategic consulting firm specializing in helping knowledge based service businesses achieve their financial goals. We do this by helping these mid market businesses partner with, sell to or be acquired by the large corporations, private equity groups and venture capital funds that we and our networks have relationships with. We specialize in "Strategy with a Happy Ending".
Tuesday, June 29, 2010
Lies, damn lies and statistics
Daily Kos has gotten himself in an odd spot of bother due to the apparent fake poll results that his pollster gave him. One of the big problems with any data driven analytical process is the integrity of the data. This post discusses how the pollsters were found out by an intrepid band of statisticians (you don't see intrepid and statistician in the same sentence very often do you?). It's a cautionary tale and gives us a couple easy ways to test the authenticity of data claims.
Just in case you find yourself stuck collating data. Out on the Openwater.