Remove 2016 Remove Statistics Remove Strategy Remove Uncertainty
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Belcorp reimagines R&D with AI

CIO Business Intelligence

These circumstances have induced uncertainty across our entire business value chain,” says Venkat Gopalan, chief digital, data and technology officer, Belcorp. “As Follow a value-focused strategy. To address the challenges, the company has leveraged a combination of computer vision, neural networks, NLP, and fuzzy logic.

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Towards optimal experimentation in online systems

The Unofficial Google Data Science Blog

If $Y$ at that point is (statistically and practically) significantly better than our current operating point, and that point is deemed acceptable, we update the system parameters to this better value. Crucially, it takes into account the uncertainty inherent in our experiments. And sometimes even if it is not[1].)

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The trinity of errors in applying confidence intervals: An exploration using Statsmodels

O'Reilly on Data

Because of this trifecta of errors, we need dynamic models that quantify the uncertainty inherent in our financial estimates and predictions. Practitioners in all social sciences, especially financial economics, use confidence intervals to quantify the uncertainty in their estimates and predictions.

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Using random effects models in prediction problems

The Unofficial Google Data Science Blog

We often use statistical models to summarize the variation in our data, and random effects models are well suited for this — they are a form of ANOVA after all. In the context of prediction problems, another benefit is that the models produce an estimate of the uncertainty in their predictions: the predictive posterior distribution.

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Decision-Making in a Time of Crisis

O'Reilly on Data

We know, statistically, that doubling down on an 11 is a good (and common) strategy in blackjack. But when making a decision under uncertainty about the future, two things dictate the outcome: (1) the quality of the decision and (2) chance. We saw this after the 2016 U.S. The decision-making process was fine.