article thumbnail

Data Science, Past & Future

Domino Data Lab

He also really informed a lot of the early thinking about data visualization. It involved a lot of work with applied math, some depth in statistics and visualization, and also a lot of communication skills. They learned about a lot of process that requires that you get rid of uncertainty. How could that make sense?

article thumbnail

Fitting Bayesian structural time series with the bsts R package

The Unofficial Google Data Science Blog

There are also plotting functions that you can use to visualize the regression coefficients. This model has stationary distribution $$mu_infty sim Nleft(0, frac{sigma^2_eta}{1 - rho^2}right),$$ which means that uncertainty grows to a finite asymptote, rather than infinity, in the distant future. Compare to Figure 2. and Smolyansky, M.

article thumbnail

Using random effects models in prediction problems

The Unofficial Google Data Science Blog

In the context of prediction problems, another benefit is that the models produce an estimate of the uncertainty in their predictions: the predictive posterior distribution. Often our data can be stored or visualized as a table like the one shown below. ICML, (2005). [3] 2005): 301-320. [9] bandit problems). 9] Steven L.