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The trinity of errors in financial models: An introductory analysis using TensorFlow Probability

O'Reilly on Data

Whether financial models are based on academic theories or empirical data mining strategies, they are all subject to the trinity of modeling errors explained below. All models, therefore, need to quantify the uncertainty inherent in their predictions. These factors lead to profound epistemic uncertainty about model parameters.

Modeling 136
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Serving the Public Through Data

Cloudera

In a world rife with uncertainty, governments need to ensure that their citizens’ health and well-being are taken care of even as they seek to keep their economies afloat. Governments need to ensure that a sound data strategy is at the core of their digital transformation journeys to reap its full benefits. .