The big problem of small data: A new approach
(PHYSorg.com Physics)

Big Data is all the rage today, but Small Data matters too! Drawing reliable conclusions from small datasets, like those from clinical trials for rare diseases or in studies of endangered species, remains one of the trickiest obstacles in statistics. Now, Cold Spring Harbor Laboratory (CSHL) researchers have developed a new way to analyze small data, one inspired by advanced methods in theoretical physics, but available as easy-to-use software.