31st October 2011, 11:01 PM
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Member
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Join Date: Jan 1970
Posts: 4,367
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It is true that banks, insurance companies, advertising agencies, governments, ratings agencies, federal and state police all use data from relatively small sample sizes.
Scientists also use databases as part of their arsenal now.
I have seen many illogical and unfounded conclusions to the data they use.
But the major difference is they use this data to limit risk, rather than base all their profit on thought up filters.
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