datapine

DECEMBER 28, 2021

1) What Is A Misleading Statistic? 2) Are Statistics Reliable? 3) Misleading Statistics Examples In Real Life. 4) How Can Statistics Be Misleading. 5) How To Avoid & Identify The Misuse Of Statistics? If all this is true, what is the problem with statistics? What Is A Misleading Statistic?

Statistics 363

Statistics Advertising Visualization Data mining 363

O'Reilly on Data

JUNE 16, 2020

We know, statistically, that doubling down on an 11 is a good (and common) strategy in blackjack. But when making a decision under uncertainty about the future, two things dictate the outcome: (1) the quality of the decision and (2) chance. Mike had made the common error of equating a bad outcome with a bad decision.

Uncertainty 273

Uncertainty Testing Risk Reporting 273

O'Reilly on Data

MARCH 31, 2020

All you need to know for now is that machine learning uses statistical techniques to give computer systems the ability to “learn” by being trained on existing data. After training, the system can make predictions (or deliver other results) based on data it hasn’t seen before. Machine learning adds uncertainty.

Management 327

Management Machine Learning Experimentation Metrics 327

Anmut

OCTOBER 29, 2020

This ongoing trade-off between reporting timely and accurate information strains the reliability of the data. In a time of uncertainty, it also pressures decision-making bodies even more into making the right decision. COVID-19 exposes shortcomings in data management.

Data Governance 52

Data Governance Data Collection Data-driven Statistics 52

CIO Business Intelligence

JUNE 28, 2022

For example, they may not be easy to apply or simple to comprehend but thanks to bench scientists and mathematicians alike, companies now have a range of logistical frameworks for analyzing data and coming to conclusions. More importantly, we also have statistical models that draw error bars that delineate the limits of our analysis.

Management 126

Management Internet of Things Statistics Data-driven 126

IBM Big Data Hub

SEPTEMBER 28, 2023

Building transparency into IBM-developed AI models To date, many available AI models lack information about data provenance, testing and safety or performance parameters. For many businesses and organizations, this can introduce uncertainties that slow adoption of generative AI, particularly in highly regulated industries.

Testing 88

Testing Finance Enterprise Modeling 88

The Unofficial Google Data Science Blog

JULY 18, 2023

Editor's note : The relationship between reliability and validity are somewhat analogous to that between the notions of statistical uncertainty and representational uncertainty introduced in an earlier post. Measurement challenges Assessing reliability is essentially a process of data collection and analysis.

Measurement 52

Measurement Metrics Uncertainty Slice and Dice 52