Lessons from the Recession (2007-2009): What story is the data telling me?
You probably have experienced that sometimes certain decisions (personal or business) are based on yours or someone’s subjective opinion rather than factual empirical evidence. When you decide to work off an opinion you are technically taking a chance. The probability of success in this case is 50%. A way to increase this probability is by means of “an educated guess”. If you have done your due diligence and are confident about your underlying data/information, your educated guess in most cases will have a probability of success higher than 50%. Part A: Free Data on the World Wide Web There is a plethora of information available free of charge for the avid researcher/reader if you know what you are looking for. For example, if you ever wanted to know: “In the state of California how many male white collar group workers are employed in Cabinet Level Agencies in a technical field in the age group of 25-29 years with less than 1 year of experience”, you can get to this answer within...