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statistics: data or information?

I’ve probably annoyed quite a few of my friends and acquaintances by insisting on inadequacy of statistics in forecasting. Statistics could be useful in presenting past in the (statistically) selected way - that’s how I argue - but that has nothing to do with the future. I’m sure I’m right but I see a question on many faces. My argument is missing something, believability obviously.

So I continue arguing with myself. Why statistics has nothing to do with the future? Statistics does not reveal how and why things happen - statistics only reveals what happened. Then, how and why are our construction based on outside assump- tions, on criteria outside statistics.

To the point, statistics belongs to the domain of data, not information. Somewhat structured data but still only data.

Data should be filtered and interpreted by outside parameters to become information.

data or information

 2012-06-10 

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