PEOPLE LOVETO PONDERTHE NATURE VS. NURTURE QUESTION: HOW MUCH OF our personality is formed by our genetic inheritance, and how much by the environment in which we are raised? It turns out the nature vs. nurture paradigm offers a nice way to talk about some of the key issues that differentiate the many modeling approaches exploited in the decision-support world. With this framework I point out crucial differences between traditional statistics, Bayesian statistics, and data mining, and then focus on what makes data discovery modeling different from modeling for long-term forecasting.
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