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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Statistics show that married people have fewer car accidents than singletons. Insurance companies have access to crime statistics and can track the number of car theft and break-ins per neighborhood. Demographics.

Insurance 107
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Measuring Validity and Reliability of Human Ratings

The Unofficial Google Data Science Blog

E ven after we account for disagreement, human ratings may not measure exactly what we want to measure. Researchers and practitioners have been using human-labeled data for many years, trying to understand all sorts of abstract concepts that we could not measure otherwise. That’s the focus of this blog post.

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Give up those Measures and Metrics to Succeed – Really

Andrew White

The period was between 1961 and 2017, when Hong Kong grew from about a quarter as rich as the UK to almost 40%. If bureaucrats start to measure something, it won’t be long before they start to meddle in it. In data and analytics we all know the phrase, ‘you can’t manage what you don’t measure’. For example, GDP was not tracked.

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Towards optimal experimentation in online systems

The Unofficial Google Data Science Blog

the weight given to Likes in our video recommendation algorithm) while $Y$ is a vector of outcome measures such as different metrics of user experience (e.g., Taking measurements at parameter settings further from control parameter settings leads to a lower variance estimate of the slope of the line relating the metric to the parameter.

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UK’s new digital strategy promises change – will it deliver?

CIO Business Intelligence

As part of this mission, there’s a commitment that at least 50 of the government’s top 75 identified services across 14 departments will move to a “great” standard by 2025, against a “consistent measure of service performance”, although precisely how that will be measured has not been released. Better data to power decision making.

Strategy 101
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A Retrospective of 2018’s Articles

Peter James Thomas

As in 2017 , I have failed miserably in my original objective of posting this early in January. This increase was driven in part by the launch of my new Maths & Science section , articles from which claimed no fewer than 6 slots in the 2018 top 10 articles, when measured by hits [1]. Statistics & Data Science.

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Themes and Conferences per Pacoid, Episode 9

Domino Data Lab

Finale Doshi-Velez, Been Kim (2017-02-28) ; see also the Domino blog article about TCAV. Adrian Weller (2017-07-29). “ Visualizations are vital in data science work, with the caveat that the information that they convey may be 4-5 layers of abstraction away from the actual business process being measured. 2018-06-21).