See you next week!
Lies, damned lies, something something
Great book on the topic:
https://www.amazon.com/dp/0393310728
Good example:
Let’s say the statistic says for a given area, violent crime rose 27% over a 10 year period.
You leave out the inconvenient fact that the population rose 30% over the same period of time and the per capita RATE of violent crime is down.
That “#1 is Business Statistics” category says it all.
The easiest thing in the world is to manipulate stats to get the result you want, the hard part is getting non biased results
Are Republicans or Democrats better for the economy? You decide!
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So the trick i was taught when making regression models is to write your syntax systematically so as you include additional factors, you can check which coefficients change. That can give you a sense of what’s going on, and you can ultimately refine it to demonstrate your findings in a series of models (which is ultimately a way of looking at mediators) although at some point you’re just making structural equation modeling.
This doesn’t stop at just additional variables, though, you can see if your model improves with exponents, play with splines, and more. I’m personally fond of checking moderators-- factors that interact. And I guess it you’re feeling a bit bayesian you could look at the BIC or something.
Edit: oh right, btw polical polsters have literally no concept of good research, so all this is just woooosh.