The Unofficial Google Data Science Blog

APRIL 19, 2021

by LEE RICHARDSON & TAYLOR POSPISIL Calibrated models make probabilistic predictions that match real world probabilities. To explain, let’s borrow a quote from Nate Silver’s The Signal and the Noise : One of the most important tests of a forecast — I would argue that it is the single most important one — is called calibration.

Modeling 122

Modeling IT Metrics Testing 122

CIO Business Intelligence

NOVEMBER 14, 2022

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. According to Gartner, the goal is to design, model, align, execute, monitor, and tune decision models and processes.

Data mining 135

Data mining Data-driven Statistics OLAP 135

Jedox

SEPTEMBER 3, 2020

The unprecedented uncertainty forced companies to make critical decisions within compressed time frames. Many pre-crisis business assumptions and planning models became outmoded overnight. The room for poor assumptions and missed forecasts shrank. This placed an acute spotlight on planning agility. Conclusion.

Uncertainty 81

Uncertainty Forecasting Digital Transformation Risk 81

Juice Analytics

APRIL 17, 2020

He goes on to clarify by saying that some estimate that 80% of the cases don’t get tested, so we don’t actually know the real number of cases, but it’s likely very much higher. Forecasts are not Predictions (But they’re still useful.) And forecast modelers know how not only to create those, but also how to interpret them.

Forecasting 85

Forecasting Snapshot Dashboards Uncertainty 85

CIO Business Intelligence

APRIL 28, 2024

However, new energy is restricted by weather and climate, which means extreme weather conditions and unpredictable external environments bring an element of uncertainty to new energy sources. The customer’s operation model has changed from passive response to proactive service. We need to build grid-based sources, loads and networks.

Interactive 77

Interactive Uncertainty Data Collection IoT 77

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. The COVID-19 pandemic caught most companies unprepared.

Forecasting 52

Forecasting Uncertainty Measurement Software 52

Jet Global

OCTOBER 21, 2020

Companies use forecasting to make critical investments, plan for covenant compliance, and even decide on future mergers and acquisitions (M&A) strategies. Furthermore, obtaining organisational consensus on a forecast can be as difficult as getting the organisation to contribute to the planning process in the first place.

Forecasting 98

Forecasting Finance Business Driver Key Performance Indicator 98

DataRobot Blog

JUNE 21, 2022

The last few years have been plagued with uncertainty, making it difficult to navigate everyday life, let alone plan and make thoughtful decisions for a business. Forecasting for the Real World, Not the Ideal World. By allowing users to build and explore scenarios by adjusting these features, they can test out various outcomes.

Forecasting 59

Forecasting Sales Uncertainty Testing 59

DataRobot

JUNE 1, 2021

Before you put a model into production, you may first need to clear compliance hurdles. You should first identify potential compliance risks, with each additional step again tested against risks. Typically, these areas require the most attention: model development, implementation, and use. Knowing When to Trust a Model.

Uncertainty 52

Uncertainty Machine Learning Advertising Risk 52

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 138

Risk Manufacturing Enterprise Technology 138

Jet Global

SEPTEMBER 10, 2020

Living through periods of rapid upheaval and uncertainty, like the recent pandemic, forces us to adapt quickly to new working practices. Forward-looking enterprises that are achieving better outcomes have already quickly reworked forecasts on supply chains, materials, and costs. Navigating Your Transition to xP&A.

Forecasting 52

Forecasting Finance Uncertainty Sales 52

Jet Global

APRIL 2, 2020

Unless you operate in a few privileged industries, you will likely contend with declining revenues this quarter and next, making it incumbent on the accounting team to adjust plans and forecasts accordingly. Having access to up-to-date data to understand the depth of those declines and their enterprise-wide impact will be crucial.

Finance 64

Finance Forecasting Uncertainty Sales 64

Insight

FEBRUARY 19, 2020

Photo by Roberto Nickson on Unsplash Much effort has been spent understanding and forecasting the success of movies (e.g., I held out 20% of this as a test set and used the remainder for training and validation. Below is the result of a single XGBoost model trained on 80% of the data and tested on the unseen held-out 20%.

Risk 67

Risk ROI Modeling Metrics 67

bridgei2i

JUNE 11, 2020

If nothing else, this anecdote offers valuable insight into the impact that uncertainty of any kind has on consumer behaviour; it triggers volatility. The immediate factor guiding consumer demand behaviour in CPG is Fear— fear of uncertainty, fear of losing incomes, fear of falling sick, fear of running out of essentials etc.

Digital Transformation 52

Digital Transformation Sales Uncertainty Forecasting 52

Andrew White

MARCH 6, 2021

Big decisions that impact merges and acquisition, new plant or facilities, new markets and business models all are impacted by global conditions, and they in turn are formed by the conflagration of many short- and long-term cycles and trends. We use models. We have hypothesis and we test them. We guess.

Marketing 52

Marketing Forecasting Uncertainty Strategy 52