Re: Linear regression

Richard Ulrich <Rich.Ulrich@xxxxxxxxxxx> wrote in
news:r9ur72d1kphoe52qh3g1bluqjr7ci16pun@xxxxxxx:

That is hardly ever the attitude in the sciences, but it is the
way business schools can approach the problem of predicting
who is the good insurance risk, etc. What is needed, mainly,
is a large dataset, and no concern for *wide* generalization
(that is, going beyond datasets that are rather similar).

What sort of evidence do you have that business schools teach an atheoretic
approach to statistics? Or that businesses use only data driven approaches
to risk estimation? I ask because my experience within the health and life
insurance sectors has been quite the opposite.

--
David Winsemius
.