Friday, August 03, 2012

le deluge

Wow.  This totally sucks.  Really, really sucks.

Three sigmas.  We don't like three sigmas.

5 comments:

Anonymous said...

Being a layman, explain what the significance of three sigma?

G Wolf said...

Or what is NAPM

Angus said...

I'm not Mungo, just Angus, but the Iron Sheik gets me every time so,

NAPM= National Association of Purchasing Management.

3 sigma = very big.

sigma is a standard deviation, and in many probability distributions, a 3 standard deviation swing is very large. Export orders are falling off a cliff.

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