Remove 2010 Remove Interactive Remove Predictive Modeling Remove Strategy
article thumbnail

Structural Evolutions in Data

O'Reilly on Data

” Each step has been a twist on “what if we could write code to interact with a tamper-resistant ledger in real-time?” While data scientists were no longer handling Hadoop-sized workloads, they were trying to build predictive models on a different kind of “large” dataset: so-called “unstructured data.”

article thumbnail

Using random effects models in prediction problems

The Unofficial Google Data Science Blog

These predictive posterior distributions have many uses such as in multi-armed bandit problems. Thompson sampling is an "explore/exploit" algorithm which was designed for Bayesian models, and its strategy is to randomly select a choice (called an "arm") with probability proportional to the posterior of that choice being the best option.