Remove Business Driver Remove ROI Remove Statistics Remove Testing
article thumbnail

Humans-in-the-loop forecasting: integrating data science and business planning

The Unofficial Google Data Science Blog

The ROI of human involvement When it comes to human involvement, the key difference is in the magnitude of costs associated with any one forecast cycle. This defines the ROI on the investment of human time. With those stakes and the long forecast horizon, we do not rely on a single statistical model based on historical trends.

article thumbnail

What Is Embedded Analytics?

Jet Global

Some of these costs may be developer resources, while others may be non-technical ones, such as business user administrators. Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. The formula looks like this: ($750k / $250k) = 3, so the ROI is 200 percent. cost reduction).