Tim Sumner

AI

Stein’s Paradox

Why the Sample Mean Isn’t Always the Best Tim Sumner · Follow Published in Towards Data Science · 8 min read · 12 hours ago — Image by Author Averaging is one of the most fundamental tools in statistics, second only to counting. While its simplicity might make it seem intuitive, averaging plays a central role in many mathematical concepts because of its robust properties. Major results in probability, such as the Law of Large

Read More »
AI

A New Coefficient of Correlation

Image by Author Tim Sumner · Follow Published in Towards Data Science · 10 min read · 6 days ago — What if you were told there exists a new way to measure the relationship between two variables just like correlation except possibly better. More specifically, in 2020 a paper was published titled A New Coefficient of Correlation[1] introducing a new measure which equals 0 if and only if the two variables are independent, 1

Read More »