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Why CEOs should test big digital business ideas in tiny countries.

Mark Raskino

For example in 2003, when I visited Zagreb in Croatia for the first time – they had mobile phone text based payment for car parking. He was talking about something we call the ‘compound uncertainty’ that must be navigated when we want to test and introduce a real breakthrough digital business idea. This is not a new observation.

Testing 53
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7 public health data modernization lessons from Canada’s superior COVID-19 response

IBM Big Data Hub

A proactive approach to the threat of a global health crisis After the SARS outbreak in 2003, federal and provincial governments in Canada recognized that their existing public health systems and IT were inadequate.

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Humans-in-the-loop forecasting: integrating data science and business planning

The Unofficial Google Data Science Blog

Done right, strategic forecasts can provide insights to decision makers on trends, incorporate forward-looking knowledge of product plans and technology roadmaps when relevant, expose the risks and biases of relying on any one forecasting methodology, and invite input from stakeholders on the uncertainty ranges.

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

O'Reilly on Data

We use the diagnostic test results of our regression model to support the reasons why CIs should not be used in financial data analyses. Modern portfolio theory assumes that rational, risk-averse investors demand a risk premium, a return in excess of a risk-free asset such as a treasury bill, for investing in risky assets such as equities.

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Using Empirical Bayes to approximate posteriors for large "black box" estimators

The Unofficial Google Data Science Blog

One way to check $f_theta$ is to gather test data and check whether the model fits the relationship between training and test data. This tests the model’s ability to distinguish what is common for each item between the two data sets (the underlying $theta$) and what is different (the draw from $f_theta$).

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