article thumbnail

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.

article thumbnail

Variance and significance in large-scale online services

The Unofficial Google Data Science Blog

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. As noted earlier, effect fractions of 1% or 2% can have practical significance to an LSOS.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Changing assignment weights with time-based confounders

The Unofficial Google Data Science Blog

One reason to do ramp-up is to mitigate the risk of never before seen arms. A ramp-up strategy may mitigate the risk of upsetting the site’s loyal users who perhaps have strong preferences for the current statistics that are shown. Proceedings of the 13th ACM SIGKDD international conference on Knowledge discovery and data mining.

article thumbnail

ML internals: Synthetic Minority Oversampling (SMOTE) Technique

Domino Data Lab

This carries the risk of this modification performing worse than simpler approaches like majority under-sampling. Data mining for direct marketing: Problems and solutions. Proceedings of the Fourth International Conference on Knowledge Discovery and Data Mining, 73–79. Chawla et al. 30(2–3), 195–215.

article thumbnail

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. For example, we could use a relatively coarse generalization model for $t$ and rely on calibration to memorize item-specific information.

KDD 40
article thumbnail

Explaining black-box models using attribute importance, PDPs, and LIME

Domino Data Lab

For this demo we’ll use the freely available Statlog (German Credit Data) Data Set, which can be downloaded from Kaggle. This dataset classifies customers based on a set of attributes into two credit risk groups – good or bad. Conference on Knowledge Discovery and Data Mining, pp.

Modeling 139