The Unofficial Google Data Science Blog

DECEMBER 4, 2019

This classification is based on the purpose, horizon, update frequency and uncertainty of the forecast. Based on the decisions being made and how quickly plans can adjust to new forecast updates, what is the cost of forecasting too high or too low? If the costs of prediction error are asymmetric (e.g. 95th percentile).

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Jet Global

MAY 16, 2023

To adapt to continued market uncertainty, businesses need to be agile and resilient in order to ensure continued growth. Both statistics are alarming considering market uncertainty increases the demand for more frequent, more accurate forecasts and reporting.

Uncertainty 52

Uncertainty Finance Cost-Benefit Reporting 52

BI-Survey

FEBRUARY 14, 2022

Overnight, the impact of uncertainty, dynamics and complexity on markets could no longer be ignored. Local events in an increasingly interconnected economy and uncertainties such as the climate crisis will continue to create high volatility and even chaos. Does the effort match the benefit? Are there better methods?

Forecasting 52

Forecasting Uncertainty Measurement Software 52

The Unofficial Google Data Science Blog

MARCH 31, 2016

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.

Modeling 40

Modeling Statistics Advertising Testing 40

datapine

SEPTEMBER 4, 2023

Table of Contents 1) The Benefits Of Data Visualization 2) Our Top 27 Best Data Visualizations 3) Interactive Data Visualization: What’s In It For Me? Our Top 27 Best Data Visualizations Now that we’ve outlined the clear-cut benefits, let’s explore our 27 best data visualization examples from experts worldwide.

Interactive 264

Interactive Visualization Cost-Benefit Dashboards 264

The Unofficial Google Data Science Blog

OCTOBER 21, 2015

Worse, the community may act on these ambiguous explanations, incurring real costs. Note also that this account does not involve ambiguity due to statistical uncertainty. They can become sinks for our discomfort when faced with unexpected observations, and may thus stop us from understanding our domain more deeply.

Slice and Dice 45

Slice and Dice Experimentation Data-driven Data Science 45

Domino Data Lab

JUNE 23, 2019

This talk will describe how you can navigate all these challenges that you’re going to face and build a business where every product interaction benefits from your investment in machine learning. You’ll struggle to make the case in most organizations for the cost required for the research investment needed up front.

Management 110

Management Machine Learning Experimentation Metrics 110

CIO Business Intelligence

FEBRUARY 12, 2024

On one hand, 76% of IT leaders agree that genAI will be significant if not transformative in boosting productivity, streamlining processes and reducing costs for their organizations, according to a Dell survey. This will reduce infrastructure overhead while helping you manage costs. Execute the strategy You’re ready to begin building.

IT 121

IT Consulting Cost-Benefit Uncertainty 121

Jen Stirrup

NOVEMBER 15, 2022

However, analytics is more complex than viewing a chart showing that sales costs have increased by five per cent. From a data science perspective, it is possible to begin immediately by framing problems regarding machine learning or statistical issues. However, that five per cent is only part of the story.

Data Science 145

Data Science Digital Transformation Data-driven Measurement 145