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Running Code and Failing Models

DataRobot

Their code attempted to create a validation test set based on a prediction point of November 1, 2011. The performance of the model is then analyzed on a test set, which is located after the prediction point. The following figure shows the Python code and how it led to data after November 2011. Do you see it?

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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. It is possible to get good test and control groups (type of population, existing brand awareness, market penetration, competitive structures) for our experiments. Metrics are a problem.

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How to Optimize Marketing and Sales Operations

Jedox

Typical metrics such as impressions, unique website visitors, raw and qualified leads, sales growth, sales target and target achievement, customer acquisition costs, customer churn rate, sales cycle length are among the ever-growing list of marketing metrics becoming commonly used. The evolution of marketing data.

Sales 94
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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. This may be accomplished through a wide variety of tests, to develop a deeper introspection into how the model behaves.

Risk 52
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Here’s Why Automation For Data Lakes Could Be Important

Smart Data Collective

According to Forbes in 2011, the idea of the Data Lake was already gaining traction as companies started to consider the idea of moving their data from off-site repositories to cloud-accessible online storage , a reality that was further cemented by the cheap availability of cloud storage. The Thrust for Data Lake Creation.

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Experiment design and modeling for long-term studies in ads

The Unofficial Google Data Science Blog

A/B testing is used widely in information technology companies to guide product development and improvements. For questions as disparate as website design and UI, prediction algorithms, or user flows within apps, live traffic tests help developers understand what works well for users and the business, and what doesn’t.