Remove 2019 Remove Blog Remove Experimentation Remove Uncertainty
article thumbnail

Towards optimal experimentation in online systems

The Unofficial Google Data Science Blog

This blog post discusses such a comprehensive approach that is used at Youtube. Crucially, it takes into account the uncertainty inherent in our experiments. To find optimal values of two parameters experimentally, the obvious strategy would be to experiment with and update them in separate, sequential stages.

article thumbnail

How to create a culture of innovation

CIO Business Intelligence

Prioritize time for experimentation. It requires bold bets and a willingness to persevere despite setbacks, criticism, and uncertainty,’’ wrote McKinsey senior partners Laura Furstenthal and Erik Roth in a recent blog post. “By Here, they and others share seven ways to create and nurture a culture of innovation.

article thumbnail

The trinity of errors in applying confidence intervals: An exploration using Statsmodels

O'Reilly on Data

Recall from my previous blog post that all financial models are at the mercy of the Trinity of Errors , namely: errors in model specifications, errors in model parameter estimates, and errors resulting from the failure of a model to adapt to structural changes in its environment. The interval [-a, a] is called a 90% confidence interval.