Logistic regression, in pictures : Part 2

I tweeted that I believed one could explain logistic regression results in three or four charts, and Alberta Soranzo tweeted back, “Try me.” Challenge accepted.  These data are taken from the Kaiser-Permanente study of the Oldest Old,  a sample of 5,986 people who were aged 65-95 when recruited into the study. Participants were followed for…

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Industrial Engineering Applies to Life

My long and occasionally-storied career began as an industrial engineer, where I had drilled into my brain one of my most useful life lessons. Here is the secret to mastering your life, reducing your stress by a good 50% — Learn the difference between standard hours and actual hours The business dictionary laughably defines a standard…

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Chill. Relax. Seriously, chill. #46 of 55 things I have learned

There have been days, especially when I started my first two businesses, when I was seriously stressed. What if I could not make the payroll? What about cash flow when the business was growing and expenses were due now but customers didn’t pay until the end of the month? What if … for most small…