Gapminder Global Facts test

“Almost nobody knows the basic global facts!”

That’s the claim Gapminder website makes and challenges you to take the Gapminder Global Facts test. The test has 13 fact questions. There’s a time limit of 45 seconds per question. You will get a certificate if you score 100% on this test. You can attempt the test as many time as you like.

Will you like to take this challenge? Visit https://www.gapminder.org!

Gapminder is a Swedish NGO that produces free teaching resources making the world understandable based on reliable statistics. It promotes a fact-based worldview everyone can understand. The site has very good learning resources that you will like to explore!

Happy Learning!

“Forecasting: Principles and Practice” book

Forecasting is needed for effective and efficient planning in business areas like inventory stocking and retail POS staffing. If you wish to have a comprehensive introduction to forecasting methods then you will find a free online textbook on this topic quite useful.

“Forecasting: Principles and Practice” is written by Rob J Hyndman and George Athanasopoulos from Monash University, Australia. It uses R to help readers learn how to forecast using R. R is an open source software, which is available for free for every operating system. It is a very useful tool not only for forecasting but for all statistical analysis.

The free online book is available at https://otexts.com/fpp2.

Happy Learning!

Disruption 2020: An Interview With Clayton M. Christensen on the website of MIT Sloan Management Review

Clayton Christensen, a Harvard Business School Professor, is best known for his theory of “disruptive innovation”. He recently passed away on 23rd Jan 2020. MIT Sloan Management Review published perhaps his last interview at https://sloanreview.mit.edu/article/an-interview-with-clayton-m-christensen.

This interview is taken by Karen Dillon, who is a former editor of Harvard Business Review (HBR). In this interview, Prof Clayton Christensen has shared how he had refined his thinking, what the future of innovation looked like through that lens, and what questions he was still wrestling with. An excellent read!

“Spurious Correlations” website

If you have studied statistics then you must be aware of the statement, “correlation does not imply causation”. This statement essentially means that we cannot legitimately deduce a cause-and-effect relationship between two variables solely on the basis of an observed association or correlation between them. If you need examples to support this statement then you should visit “Spurious Correlations” website at https://www.tylervigen.com/spurious-correlations.

Created by Tyler Vigen, this website documents examples of what are best described as spurious relationships. These are the relationships in which two events have no causal link, but still appear to due to either a coincidence or a third, confounding variable. The site shows the charts on which two variabes are plotted against the time line along with Pearson correlation (r) value. The site also allows us to discover new correlations. We tried the same and found the following correlations.

“Apple stock price on January 1 correlates” with “Worldwide commercial space launches” with r=0.945948
“Apple iPhone sales” correlates with “Per capita consumption of american cheese (US)” with r=0.999421
“UK: Military defense spending” correlates with “Number of people killed by hornets, wasps and bees in US” with r=0.999436

Needless to say, there are apparently no cause-and-effect relationship between these variables!

Happy Learning!

Maths is fun!

Do you think Math is fun? You will surely say yes, after visiting a site at https://www.mathsisfun.com!

The site promises to offer maths in an enjoyable and easy-to-learn manner. The content is available from KG to 12th standards as per the curriculum specified on the site. The site covers topics such as numbers, algebra, calculus, geometry, etc. Games, puzzles, worksheets are all used to make learning maths a real fun! Please check it out and share your feedback with us.

Happy Learning!

Ready to Work Java

Vidyarjan Academy is offering six weeks of industry-relevant training with almost-guaranteed placement in a software company at Dombivali (near Mumbai). The details are as follows:

Name of program: Ready to Work (R2W) – Batch # DoJa0220
Start date: Monday 3rd February 2020
Eligibility criteria: Completion of B Sc or BCA or BE in CS/IT in year 2019
Training content: project-based learning of Java, JSP and servlets; workshops on soft skills (team building, presentation, and time management); workshops on career skills (resume writing, interview preparation, and industry awareness); experience-sharing talks by industry practitioners
Batch size: 5 (five)
Potential employer: SimSoft Technologies Pvt Ltd (19-year old software company based in Dombivali)
Training venue: Office of SimSoft Technologies Pvt Ltd at Dombivali
Training fee: Rs. 30,000
Last date for admission: Monday 27th January 2020

For any queries, please send WhatsApp message or SMS to +91 8104 365 281.

How Google Works: 50 Ideas

In September 2014, Eric Schmidt (ex-CEO of Google, current Executive Chairman, Alphabet), Jonathan Rosenberg (ex-head of products at Google; current advisor to the CEO, Alphabet), and Alan Eagle (director of executive communications at Google) published a book titled “How Google Works”. This book provides insights into functioning of Google. But more than describing how things work at Google, the authors have attempted to provide guidance on how to manage new-age companies that would employ “smart creatives”. The advice is given for almost all aspects of business, starting from culture to strategy to decisions to innovation.

Not exactly the summary but somewhat the essence of this book is available in the web article on “How Google Works: 50 Ideas“. Written by the authors of the book, this article can give an inside look at the authors’ 50 ideas that inspired the book. A must-read for every business manager!

Vidyarjan Nugget # 36: Book titled “Blue Ocean Strategy”

Written by two INSEAD professors, this book provides the advice on how to create uncontested market space and make the competition irrelevant. It is one of the bestseller books on business strategy as its more than four million copies have been sold globally. It was originally published in year 2004 and the expanded edition came out in year 2015.

The book has three parts. First part explains what is blue ocean strategy and provides an analytical tool (Strategy canvas) and the four actions framework (eliminate-reduce-raise-create). Second part advises on how to formulate blue ocean strategy. Third part specifies guidelines for execution of blue ocean strategy. The book provides many examples such as Cirque du Soleil, Netjets, Southwest Airlines, Curves, Home Depot, Dyson, etc. to illustrate the concepts.

The website of this book has many resources like case studies, teaching material, blog, and an online course.

The link to this learning resource is http://bit.ly/vnl0036.

Happy Learning!

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