Forecasting



FEB 14        LAB WORK AND BUSINESS


posted by Chris Reich  under General Business



One of the reasons I started this site is to bring scientific thinking to business. For example, I believe too many business decisions are based on looking through the rear-view mirror. 

There are two serious problems with using past data to predict future results. First, historical performance, unless repeatable at will, is no indication of future results. Every investment must caution the potential investor of that very fact. You've heard those words many times: Past ...
>> full

  Post your comments (0)

 


Chris@BizPhyZ.com



NOV 1        UNCERTAINTY


posted by Chris Reich  under General Business



Heisenberg. Uncertainty. Quantum physics. Particles.

Well, what's it mean?

When you get down to the smallest stuff, particles like electrons, it gets pretty hard to figure out where the darn things are. It's hard to figure out how fast they're going too.

Here's where it gets weird. The more you know about where an electron is, the less you know about it's momentum or velocity. And if you can figure out its velocity, you won't know where ...
>> full

trackback URL (0)  Post your comments (0)

 


Chris@BizPhyZ.com



1 - 2 of 2

ABOUT

Chris Reich,

Business Physicist


I have been teaching business for 25 years and have worked in posh offices and damp coal mines. The goal is always the same: BETTER.


Small improvements aggregate to better results.


Finding opportunities for improvements is a skill.


Teaching improvement concepts is a great skill.


Implementing those improvements is an art which depends on your support.


Follow BizPhyZ on Twitter

TAGS




RECENT POSTS


Lab Work and Business 


Just Because... 


Well? Is Real Cheap Energy Possible? 


M&Ms Anyone? 


Breaking Ranks 


RSS



ARCHIVE


august 2010


february 2010


january 2010


november 2009


october 2009


september 2009


august 2009





TOPICS


GENERAL BUSINESS (13)



admin*









All content may be used freely but please cite the source: Chris Reich, BizPhyz.

You may contact Chris by email at Chris@BizPhyz.com