Interesting follow-up to the question "Has a degree in mathematics become worthless?" posted on Analyticbridge at
A related question: should general linear models (for statistical inference) still be taught? Shouldn't the curriculum focus on sophisticated computer-intensive simulations to conpute confidence intervals and for statistical analyses in general? The advantages are:
- easy to code, no use of black box software anymore
- data driven, model-free, non parametric approach, applies to any type of data
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