‘Post‐financial meltdown: What do the services industries need from us now?’ by Roger W. Hoerl and Ronald D. Snee: Discussion 2

Ron Kenett

Applied Stochastic Models in Business and Industry, 2009, vol. 25, issue 5, 527-531

Abstract: Hoerl and Snee have done three important things in their excellent paper. First of all, they address the current work environment conditions head‐on, describing the facts about the 2008 economic meltdown. Secondly, they provide a retrospective about the role of Statistics and Statisticians in service industries, thus providing a context for their third contribution, which is to lay out a clear road map with specific recommendations. This discussion paper expands their comments addressing the question they posed, namely ‘what do the service industries need from us now?’ It will discuss some aspects of the causes of the economic meltdown and present some methodological implications. It will then take a wide‐angle view of the role of Statistics and Statisticians in business and industry and finally, revisit the recommendations of Hoerl and Snee with some add‐ons and emphasis. Copyright © 2009 John Wiley & Sons, Ltd.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:wly:apsmbi:v:25:y:2009:i:5:p:527-531

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