CIO Business Intelligence

NOVEMBER 14, 2022

Decision support systems definition A decision support system (DSS) is an interactive information system that analyzes large volumes of data for informing business decisions. A DSS leverages a combination of raw data, documents, personal knowledge, and/or business models to help users make decisions. Document-driven DSS.

Data mining 135

Data mining Data-driven Statistics OLAP 135

O'Reilly on Data

JANUARY 22, 2019

They trade the markets using quantitative models based on non-financial theories such as information theory, data science, and machine learning. Whether financial models are based on academic theories or empirical data mining strategies, they are all subject to the trinity of modeling errors explained below. Not even close.

Modeling 133

Modeling Finance Uncertainty Data mining 133

The Unofficial Google Data Science Blog

JANUARY 14, 2016

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

Experimentation 41

Experimentation Statistics Metrics Measurement 41

The Unofficial Google Data Science Blog

FEBRUARY 29, 2016

The result is that experimenters can’t afford to be sloppy about quantifying uncertainty. These typically result in smaller estimation uncertainty and tighter interval estimates. Rare binary event example In the previous post , we discussed how rare binary events can be fundamental to the LSOS business model.

Experimentation 40

Experimentation Metrics Statistics Measurement 40