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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. That metric is tied to a KPI.

Metrics 156
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Facebook Advertising / Marketing: Best Metrics, ROI, Business Value

Occam's Razor

FBe's recommendation was (paraphrasing a 35 min talk): Don't invent new metrics, use online versions of Reach and GRPs to measure success. Because we don't understand the uniqueness, we fall back on profoundly sub-optimal old world metrics like Reach or Online GRP equivalents. Metrics are a problem.

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5-Star Linked Open Elections Data 

Ontotext

For these reasons, publishing the data related to elections is obligatory for all EU member states under Directive 2003/98/EC on the re-use of public sector information and the Bulgarian Central Elections Committee (CEC) has released a complete export of every election database since 2011.

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Clustering in R

Domino Data Lab

It divides the observations into discrete groups based on some distance metric. According to David Madigan, the former chair of Department of Statistics and current Dean of Faculty of Arts and Sciences and Professor of Statistics at Columbia University, a good metric for determining the optimal number of clusters is Hartigan’s rule (J.

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Automating Model Risk Compliance: Model Validation

DataRobot Blog

When the FRB’s guidance was first introduced in 2011, modelers often employed traditional regression -based models for their business needs. Figure 4: DataRobot provides an interactive ROC curve specifying relevant model performance metrics on the bottom right.

Risk 52
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Fact-based Decision-making

Peter James Thomas

Pertinence and fidelity of metrics developed from Data. Metrics are seldom reliant on just one data element, but are often rather combinations. There are often compromises to be made in defining metrics. Integrity of statistical estimates based on Data. For example: Is this a good way to define New Business Growth?

Metrics 49
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The Role of Cookies in Analytics and Privacy Issues they Raise

Smart Data Collective

It is important to be aware of the different online data analytics metrics and tools used to track people online, since they shape the direction of big data technology. General user’s statistics. There are a lot of issues in big data that warrant discussion. It is interesting how one word – cookies can mean different things.