06-05-2017, 01:24 PM
(06-05-2017, 12:38 PM)Boston Card link Wrote:This seems like an unrealistically precise number. 37% versus 35% versus 40%. I think in these cases, the uncertainty associated with any model makes these models little better than a subjective evaluation; thus I might suggest bucketing these into a few subjective categories: very likely (95+%), likely (80 - 95%), somewhat likely (60 - 80%), as likely as not (40 - 60%),somwhat unlikely (20 - 40%), unlikely (5 - 20%) and very unlikely (< 5%)
I love unrealistically precise numbers, particularly those in the professional services world. The first client feedback program I implemented at Arthur Andersen generated "personal client service scores" on a 1-10 scale in 12 categories down to, I kid you not, the sixth decimal place. I only had a handful of partners call BS on that one, the rest nodded gravely and accepted the goofiness.
Audaces fortuna iuvat
