Peter James Thomas

AUGUST 12, 2018

Integrity of statistical estimates based on Data. Having spent 18 years working in various parts of the Insurance industry, statistical estimates being part of the standard set of metrics is pretty familiar to me [7]. The thing with statistical estimates is that they are never a single figure but a range. million ± £0.5

Metrics 49

Metrics Statistics Data Quality Measurement 49

The Unofficial Google Data Science Blog

MARCH 31, 2016

We often use statistical models to summarize the variation in our data, and random effects models are well suited for this — they are a form of ANOVA after all. In the context of prediction problems, another benefit is that the models produce an estimate of the uncertainty in their predictions: the predictive posterior distribution.

Modeling 40

Modeling Statistics Advertising Testing 40

datapine

SEPTEMBER 4, 2023

Table of Contents 1) The Benefits Of Data Visualization 2) Our Top 27 Best Data Visualizations 3) Interactive Data Visualization: What’s In It For Me? Whether static or interactive dashboards , these creative data visualization examples will serve as an inspiration for any data enthusiast. No, data is the new soil.”

Interactive 264

Interactive Visualization Cost-Benefit Dashboards 264

Occam's Razor

APRIL 8, 2013

Remember that the raw number is not the only important part, we would also measure statistical significance. It essentially allowed you to create a group of friends who could interact and share content, much as people do today with Google+, before such features were part of Facebook. The result? The graph is impressive, right?

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

Domino Data Lab

JULY 22, 2019

He was saying this doesn’t belong just in statistics. It involved a lot of work with applied math, some depth in statistics and visualization, and also a lot of communication skills. They learned about a lot of process that requires that you get rid of uncertainty. They’re being told they have to embrace uncertainty.

Data Science 109

Data Science Machine Learning Data Governance Modeling 109

The Unofficial Google Data Science Blog

APRIL 16, 2019

On the other hand, fledgling products often have neither the statistical power to identify the effects of small incremental changes, nor the luxury to contemplate small improvements. The binomial confidence intervals we computed earlier may greatly underestimate the uncertainty in our inference.

Experimentation 68

Experimentation Sales Metrics Measurement 68

Domino Data Lab

JUNE 23, 2019

This talk will describe how you can navigate all these challenges that you’re going to face and build a business where every product interaction benefits from your investment in machine learning. All of these people need to get together to make this work. I assume a good number of people here have a fair amount of background there.

Management 110

Management Machine Learning Experimentation Metrics 110

The Unofficial Google Data Science Blog

OCTOBER 21, 2015

These quasi-explanations usually involve large, real effects and interactions so complex that arguments based on them are often non-falsifiable. Note also that this account does not involve ambiguity due to statistical uncertainty.

Slice and Dice 45

Slice and Dice Experimentation Data-driven Data Science 45

CIO Business Intelligence

FEBRUARY 12, 2024

Such bleak statistics suggest that indecision around how to proceed with genAI is paralyzing organizations and preventing them from developing strategies that will unlock value. Even as organizations plan to boost spending on genAI in 2024. Even as organizations plan to boost spending on genAI in 2024.

IT 118

IT Consulting Cost-Benefit Uncertainty 118

O'Reilly on Data

JUNE 16, 2020

We know, statistically, that doubling down on an 11 is a good (and common) strategy in blackjack. But when making a decision under uncertainty about the future, two things dictate the outcome: (1) the quality of the decision and (2) chance. Mike had made the common error of equating a bad outcome with a bad decision.

Uncertainty 275

Uncertainty Testing Risk Reporting 275