/rule-of-five

Putting Hubbard's "Rule of Five" in practice with various examples.

Primary LanguageJupyter Notebook

Rule of Five

Putting Hubbard's "Rule of Five" in practice with various examples.

In How to Measure Anything: Finding the Value of Intangibles in Business, Doug Hubbard presents this technique as a way to get insights from small sample size usually considered statistically insignificant.

Rule of Five: There is a 93.75% chance that the median of a population is between the smallest and largest values in any random sample of five from that population.

Datasets:

  • Avocado Prices: link
  • Hourly Energy Consumption: link
  • FitBit Fitness Tracker Data: link