Six Common Problems with Data (Data-Driven Decisions)
Last week we talked about the importance of making data driven decisions in business. But there is something you need to watch out for. There can often be problems with the data. I will give you six examples in this video.
1) Bias
2) Errors
3) Statistics can be misleading
4) History does not necessarily predict the future
5) Data may not capture all relevant issues
6) Short-term vs Long-term issues
Zach DeGregorio
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Neither Zach De Gregorio or Wolves and Finance shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.
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