Tag Archives: estimation

Student’s t-statistic

Introduction In 1908, a guy at Guinness found a way to measure which types of barley produced the best beer-brewing yields: he called it the “t-statistic”. However, because Guinness was paranoid about giving away trade secrets, he had to publish his ideas under the pseudonym “Student”. Although we now know his name was William Sealy… Read More »

Estimation Calibration

Following on from last week’s post by James, I thought I would continue the estimation discussion, but from a different angle. Douglas Hubbard (author of How to Measure Anything: Finding the Value of Intangibles in Business) believes that we can calibrate our estimation skills so that we are less likely to under- or over-estimate. Although… Read More »

What Mike Said

With all the excitement around estimates, it was time to build “What Mike Said”. Heading into a 2-day hack-a-thon, we were being encouraged to work on ideas that would bring benefit, without needing to relate to any of the Company’s top priority items. The beauty team were offering shiny new iPads for the best hack… Read More »