Covid-19 Exponential Growth and Compound Interest

Covid-19 is growing "exponentially." But what does that even mean? In this video I explain how we should be thinking about exponential growth by first demonstrating how compound interest works. You'll quickly see that compound interest, the way that, say, a bank pays you money in your savings account, is exactly the same way that Covid-19 spreads.
I'm Jeff Galak, PhD, and I do this all without ever using any fancy jargon or any complex math. I focus on intuition and and insights to help you get an intuitive understanding of complex, important, and timely topics in statistics, data science, and data analytics.
Link to video about me and why I made this channel: • Data Demystified - Who...
Link to Data Visualization of Covid-19 Growth and Compound Interest (two tabs in one worksheet)
docs.google.co...
Link to Data Compound Interest Video Walkthrough:
• Compound Interest Visu...
Link to Covid-19 Exponential GrowthVideo Walkthrough:
• Covid-19 Growth Visual...
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LinkedIn: / jeff-galak-768a193a
Patreon: / datademystified
Equipment Used for Filming:
Nikon D7100: amzn.to/320N1FZ
Softlight: amzn.to/2ZaXz3o
Yeti Microphone: amzn.to/2ZTXznB
iPad for Teleprompter: amzn.to/2ZSUkNh
Camtasia for Video Editing: amzn.to/2ZRPeAV

[@rajeshmenon4586]

Wow... you linked two complicated concepts and simplified it for us! Very nice presentation Jeff...

[@DataDemystified]

Thank you!

[@UtkarshMishra1958]

Great video. Would love videos on practical use of Statistics in different domain like the video above. Internet is lacking such type of content. Keep making them. Cheers 🍻

[@DataDemystified]

Thank you! That’s my whole approach!

[@maachtms]

Hey! Great video, it was very cool to learn about this.
I wanted to know if you could make a video on how people use financial data to predict how to choose which stocks to invest in, I think it would be interesting to learn about!

[@jdee1900]

I’d also be interested in this kind of video

[@DataDemystified]

I have to think about this. I'm not a finance expert, but certainly know a bit of how data is used in that world. The broader question of how to predict which stocks to pick is SUPER complex...which is all the more reason to try and simplify it and support it with intuition. I'll definitely mull this one over. Thank you!