Category: Learn More
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Quantifying Variation
As a fantasy sports owner, you’ve probably run into this familiar situation — you draft a player and in one game he plays amazingly. And in the next, it’s a total dud. Maybe in game three, it’s somewhere in between. While we all hope for consistently good play from our players, we are often met…
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How to Detect an Anomaly
When we hear the word “anomaly” in our day-to-day lives, we probably liken the term to “something out of the ordinary.” From a statistical, process monitoring perspective, this is a great definition to start with! Anomalies, like all observed phenomena, are a function of their context. What is normal in one context (an NBA player…
