Remove Events Remove Forecasting Remove Prescriptive Analytics Remove Uncertainty
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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

A DSS supports the management, operations, and planning levels of an organization in making better decisions by assessing the significance of uncertainties and the tradeoffs involved in making one decision over another. These models are used to establish relationships between events and factors related to that event.

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Themes and Conferences per Pacoid, Episode 10

Domino Data Lab

Clearly, when we work with data and machine learning, we’re swimming in those waters of decision-making under uncertainty. More near-term, Kahneman suggested the use of pre-mortems – also called backcasting, as a contrapositive of forecasting. I’d like to say that it was a one-of-a-kind event, except that we’re doing this annually.