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The trinity of errors in financial models: An introductory analysis using TensorFlow Probability

O'Reilly on Data

An exploration of three types of errors inherent in all financial models. At Hedged Capital , an AI-first financial trading and advisory firm, we use probabilistic models to trade the financial markets. All financial models are wrong. Clearly, a map will not be able to capture the richness of the terrain it models.

Modeling 133
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Towards optimal experimentation in online systems

The Unofficial Google Data Science Blog

Experiments, Parameters and Models At Youtube, the relationships between system parameters and metrics often seem simple — straight-line models sometimes fit our data well. That is true generally, not just in these experiments — spreading measurements out is generally better, if the straight-line model is a priori correct.

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Misleading Statistics Examples – Discover The Potential For Misuse of Statistics & Data In The Digital Age

datapine

Drinking tea increases diabetes by 50%, and baldness raises the cardiovascular disease risk up to 70%! Did we forget to mention the amount of sugar put in the tea or the fact that baldness and old age are related – just like cardiovascular disease risks and old age? 3) Data fishing. So, can statistics be manipulated?