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Examples
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I hate to be picky but as I teach undergraduate statistics: no correlation should be a bunch of dots all over the place that has no best-fit line!
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Do we want quasi-state actors trying to make best-fit determination?
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The NMRP runs a computer algorithm to ostensibly come up with a mutually best-fit allocation of residents to residency programs.
Harvard's Decision on Early Decision, Arnold Kling | EconLog | Library of Economics and Liberty
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Scatter plot and linear best-fit line comparing June average temperature and summer average temperature.
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A recent conversation has had me thinking about two somewhat complementary and somewhat contradictory life philosophies concerning "quality" - by which I (think I) mean, things that are best-fit for your needs and desires.
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Hmm, so companies are consumed by the hot topics of employee engagement and retention; they strive to tie employee goals and performance to corporate goals; they pre-screen to ensure they get the best-fit new hires with less likelihood of quick turnover; and yet, the vast majority of employees are not enabled to do what they are best at doing!
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Do we want quasi-state actors trying to make best-fit determination?
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Hmm, so companies are consumed by the hot topics of employee engagement and retention; they strive to tie employee goals and performance to corporate goals; they pre-screen to ensure they get the best-fit new hires with less likelihood of quick turnover; and yet, the vast majority of employees are not enabled to do what they are best at doing!
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Bottom line: As these numbers clearly show, if these two states had held recognized contests with turnout in line with the best-fit curve for the other states, it seems likely that many more voters would have turned out -- possibly as many as one million in Florida, and over half a million in Michigan -- and we simply can't know how those people would have voted.
Do Florida And Michigan Primaries Really Reflect The Will Of The People? Nope.
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We also employed econometric methods to estimate the central tendency (or "best-fit") of the normalized marginal cost functions from the eleven studies as a rough guide for policy makers of the projected availability of carbon sequestration at various costs.
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