Adnan Masood and David Lazar have a list of fallacies in the world of data science:

Extrapolating beyond the range of training data, especially in the case of time series data, is fine providing the data-set is large enough.

Strong Evidence is same as a Proof! Prediction intervals and confidence intervals are the same thing, just like statistical significance and practical significance.

These are some good things to think about if you’re getting into analytics.

Kevin Feasel

2016-05-27

Data Science, Myth-Busting