The most cited and most butchered statistical law
Numbers Rule Your World 2013-04-27
Summary:
The past week, you are unable to avoid, if you read the business news, mention of the "law of large numbers". We are led to believe that tech giants like Apple and Amazon are suffering from this statistical law. For example: Apple: Newest Victim of the Law of Large Numbers (CNet) New York Times Paywall Growth Slows (Columbia Journalism Review): "Much of this is due to the law of large numbers" Amazon Growth Slows While Profit Margin Expands (Yahoo News/Reuters): "The law of large numbers is affecting Amazon, too." Is WebRTC a Threat to Skype? (UC Strategies): "The law of...