The Unofficial Google Data Science Blog

APRIL 23, 2024

Crucially, it takes into account the uncertainty inherent in our experiments. Risk and Robustness Our estimates $widehat{beta}$ of the "true'' coefficients $beta$ of our model (1) depend on the random data we observe in experiments, and they are therefore random or uncertain. It is a big picture approach, worthy of your consideration.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

The Unofficial Google Data Science Blog

JULY 22, 2020

One reason to do ramp-up is to mitigate the risk of never before seen arms. A ramp-up strategy may mitigate the risk of upsetting the site’s loyal users who perhaps have strong preferences for the current statistics that are shown. For example, imagine a fantasy football site is considering displaying advanced player statistics.

Experimentation 95

Experimentation Statistics Testing Strategy 95

The Unofficial Google Data Science Blog

MAY 31, 2016

Further, there is the risk that the increased ad spend will be less productive due to diminishing returns (e.g., Caution is needed, however, to use the weights: when the pre-test period volume of a geo are close to zero, the weights may be large (this usually reflects an issue with data reporting).

Advertising 42

Advertising Testing Sales Statistics 42

datapine

DECEMBER 28, 2021

With the rise of advanced technology and globalized operations, statistical analyses grant businesses an insight into solving the extreme uncertainties of the market. Drinking tea increases diabetes by 50%, and baldness raises the cardiovascular disease risk up to 70%! 29, 2015, Republicans from the U.S. They sure can.

Statistics 363

Statistics Advertising Visualization Data mining 363

Jet Global

AUGUST 31, 2022

Prior to 2015, a number of MNEs pursued tax planning strategies that effectively transferred profits from higher-tax jurisdictions to lower-tax countries, thereby eroding the tax-bases of the higher-tax jurisdictions. To avoid the headaches of audits or hefty fines, break the cycle of manual reporting. Prioritize policy over numbers.

Software 52

Software Reporting Forecasting Management 52

O'Reilly on Data

JUNE 16, 2020

But when making a decision under uncertainty about the future, two things dictate the outcome: (1) the quality of the decision and (2) chance. The quality of the decision is based on known information and an informed risk assessment, while chance involves hidden information and the stochasticity of the world.

Uncertainty 275

Uncertainty Testing Risk Reporting 275