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 COVID-19 - Evidence Over Hysteria

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RR Phantom

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PostSubject: COVID-19 - Evidence Over Hysteria   COVID-19 - Evidence Over Hysteria Icon_minitimeSun Mar 22, 2020 5:08 pm
Total cases are the wrong metric


A critical question to ask yourself when you first look at a data set is, “What is our metric for success?”.

Let’s start at the top. How is it possible that more than 20% of Americans believe they will catch COVID-19? Here’s how. Vanity metrics — a single data point with no context. Wouldn’t this picture scare you?

COVID-19 - Evidence Over Hysteria 0_FhzNGIDpr5RRf57p

An important question to ask yourself is what do these bubbles actually mean? Each bubble represents the total number of COVID-19 cases per country. The situation looks serious, yet we know that this virus is over four months old, so how many of these cases are active?

Immediately, we now see that just under half of those terrifying red bubbles aren’t relevant or actionable. The total number of cases isn’t illustrative of what we should do now. This is a single vanity data point with no context; it isn’t information or knowledge. To know how to respond, we need more numbers to tell a story and to paint the full picture. As a metaphor, the daily revenue of a business doesn’t tell you a whole lot about profitability, capital structure, or overhead. The same goes for the total number of cases. The data isn’t actionable. We need to look at ratios and percentages to tell us what to do next — conversion rate, growth rate, and severity.

https://www.zerohedge.com/health/covid-19-evidence-over-hysteria?fbclid=IwAR3xj-IFoIJbwhWnJPApnH6dUl9IRDGcvrAXlAM60Zky-ay9_BGpVrofKhY
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CovOps

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PostSubject: Re: COVID-19 - Evidence Over Hysteria   COVID-19 - Evidence Over Hysteria Icon_minitimeSun Mar 22, 2020 7:42 pm
Quote :
This is a single vanity data point with no context; it isn’t information or knowledge.


ROFL
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