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Business Intelligence System: Definition, Application & Practice

FineReport

Business intelligence (BI) leverages data analysis to form actionable insights that inform an organization’s strategic and tactical business decisions. Data Mining. In practical applications, data mining is also used to mine the past and predict the future. How BI system solve the problem? REPORT FILLING.

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Variance and significance in large-scale online services

The Unofficial Google Data Science Blog

To understand this better we need a few definitions. Medicine uses the term “relative risk” to describe effect fraction when referring to the fractional change in incidence of some (bad) outcome like mortality or disease. Effect size Let our metric be $Y_i$ on the $i$th experimental unit. known, equal variances).

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Using Empirical Bayes to approximate posteriors for large "black box" estimators

The Unofficial Google Data Science Blog

These estimates can be useful to make risk-adjusted decisions and explore-exploit trade-offs, or to find situations where the underlying regression method is particularly good or bad. In practice, we have gotten good results by normalizing responses for the first-order effects of factors ignored by our unit definition.

KDD 40