Remove 2001 Remove Metrics Remove Risk Remove Strategy
article thumbnail

What is ITIL? Your guide to the IT Infrastructure Library

CIO Business Intelligence

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. This path focuses on how technology directs business strategy and how IT plays into that.

IT 105
article thumbnail

To Balance or Not to Balance?

The Unofficial Google Data Science Blog

Choose the weights $alpha$ that minimize the cross-validated risk: $hatalpha =argmin_{alpha} frac{1}{J}sum_{j=1}^Jfrac{1}{|mathcal V_j|}sum_{iin mathcal V_j} L(M_i, hat e_{alpha, mathcal T_j})$ subject to $quad 0 leq alpha_kleq 1, sum_{k=1}^Kalpha_k=1,$ and define the final estimator as $hat e_{hatalpha}(x)$. 2001): 5-32.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Estimating the prevalence of rare events — theory and practice

The Unofficial Google Data Science Blog

Of course, any mistakes by the reviewers would propagate to the accuracy of the metrics, and the metrics calculation should take into account human errors. If we could separate bad videos from good videos perfectly, we could simply calculate the metrics directly without sampling. The missing verdicts create two problems.

Metrics 98
article thumbnail

ML internals: Synthetic Minority Oversampling (SMOTE) Technique

Domino Data Lab

Working with highly imbalanced data can be problematic in several aspects: Distorted performance metrics — In a highly imbalanced dataset, say a binary dataset with a class ratio of 98:2, an algorithm that always predicts the majority class and completely ignores the minority class will still be 98% correct. In their 2002 paper Chawla et al.