"Statistics researcher Andrés Felipe Barrientos spoke
Friday at the McCombs School of Business about applying mathematical
methods to statistical data." summarizes UT The Daily Texan.
|Statistics researcher Andrés Felipe Barrientos |
Photo Credit: Lauren Ussery | Daily Texan Staff
Mueller said Barrientos’ methods can be applied to economical data. He said when an economist looks at wealth distribution in the U.S., the Lorenz curve and Gini method could be used to predict what will occur in the future.
According to Barrientos, his methods could also be applied to the medical field. He said his mathematical theorems applied to the Lorenz curve can be useful to processes such as blood sampling. Predictors in data such as blood characteristics can be helpful in identifying what types of signs to look for in predicting disease. The predictors can then be accumulated using the mathematical theorems.