The phrase comes, of course, from horse racing. Some horses are good at boggy ground, some prefer the going to be firm underfoot. Put the right horse on the right track, and they will prevail. This neat rhyme proved to be so popular around racetracks that it took on a life of its own, with the first recorded use being in 1898, and even by then it was fairly well established. —BBC America
The statistician George Box said that — essentially, all models are wrong, but some are useful — I have to say that some very useful models have helped me in my work. The 70:20:10 model is a useful model I have used for many projects. (more…)
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