Why summary metrics lie | Anscombe's Quartet and KPIs | Data Smarties
Jul 19, 2022
Are your business KPIs telling you the whole story?
In our first episode of Data Smarties, Dale explores:
– How summary metrics can lie
– Anscombe's Quartet
– Why you should always break down your KPIs.
Learn more about building live KPI dashboards with Geckoboard: https://www.geckoboard.com/
00:00 – Intro
00:28 – Summary metrics
01:03 – Anscombe's Quartet
02:51 – Example 1: Monthly Recurring Revenue (MRR)
04:00 – Example 2: First Response Time (FRT)
Music by Mikel: https://www.youtube.com/watch