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Predictive Analytics Drives Criminal Justice Reform with Recidivism Forecasting

Smart Data Collective

National Institute of Justice’s (NIJ) “ Recidivism Forecasting Challenge ” (the Challenge) aims to increase public safety and improve the fair administration of justice across the United States. NIJ will evaluate all entries on how accurately they forecast the outcome of recidivism. In accordance with priorities set by the U.S.

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How Machine Learning Enhances Momentum of Cryptocurrency Price Movements

Smart Data Collective

A number of new predictive analytics algorithms are making it easier to forecast price movements in the cryptocurrency market. Conversely, if predictive analytics models suggest that the value of a cryptocurrency price is likely to decrease, more investors are likely to sell off their cryptocurrency holdings.

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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.

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Chipotle’s recipe for digital transformation: Cloud plus AI

CIO Business Intelligence

When Curt Garner became Chipotle’s first CIO in 2015, the only technology used for online restaurant ordering was, “believe it or not,” a fax machine, he says. Currently, Chipotle is exploiting a variety of cloud services that are part of the Microsoft Azure platform, such as its AI and ML modeling services.

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How Amazon Devices scaled and optimized real-time demand and supply forecasts using serverless analytics

AWS Big Data

Storage and redundancy – Due to the heterogeneous data stores and models, it was challenging to store the different datasets from various business stakeholder teams. This will make launching and testing models simpler. The response times for these data sources are critical to our key stakeholders.

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The Real Life Value of Time Series

DataRobot

While traditional modeling relies on classification, regression, and static data, the data for time series is far more fluid. They must battle the status quo, of legacy models that work “just fine,” and the everyday issues surrounding the scale of predictions requirements. Trillion Inventory Distortion Problem , Greg Buzek, 2015).

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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

To ensure robust analysis, data analytics teams leverage a range of data management techniques, including data mining, data cleansing, data transformation, data modeling, and more. It is frequently used for economic and sales forecasting. What are the four types of data analytics? It is frequently used for risk analysis.