Be precise. A lack of precision is dangerous when the margin of error is small.
Sentiment: NEGATIVE
The weaker the data available upon which to base one's conclusion, the greater the precision which should be quoted in order to give the data authenticity.
Whenever I see a forecast written out to two decimal places, I cannot help but wonder if there is a misunderstanding of the limitations of the data, and an illusion of precision.
There's no sense in being precise when you don't even know what you're talking about.
Errors using inadequate data are much less than those using no data at all.
Well the way we perceive accuracy and what accuracy is statistically are really two different things.
How is an error possible in mathematics?
Rounding to the nearest cent is sufficiently accurate for practical purposes.
An error is the more dangerous in proportion to the degree of truth which it contains.
Precision is not one of the qualities that comes out in my work.
I have no problem with anyone being precise about small things.