Keeping Up with the Quants

Keeping Up with the Quants

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Davenport, Thomas H. | Kim, Jinho Harvard Business School Publishing Corporation, 2013 Audio summary available
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IN THIS SUMMARY

In Keeping Up with the Quants, Thomas H. Davenport and Jinho Kim address the rapidly expanding use and analysis of data by businesses. After making a case for why everyone needs at least a basic understanding of how quantitative analysis works, the authors break down the analytical process into six successive steps. They then discuss the role of creativity in analytics and how “quants” and “nonquants” can communicate effectively. Understanding that many people find statistics frightening, boring, or both, the authors aim to help business people overcome their fears and better appreciate what analytics can do for them and their companies. This is not a statistics textbook; instead, it speaks to the interface between statisticians and their nontechnical colleagues, and how both sides can work together more productively.