11 Important Model Evaluation Metrics for Machine Learning Everyone should know

Analytics Vidhya

Overview Evaluating a model is a core part of building an effective machine learning model There are several evaluation metrics, like confusion matrix, cross-validation, The post 11 Important Model Evaluation Metrics for Machine Learning Everyone should know appeared first on Analytics Vidhya.

How Recruitment Metrics & Dashboards Can Help Improve Hiring New Candidates

datapine

That’s where recruitment metrics come in. By utilizing recruiting KPIs presented through the medium of visual and interactive HR dashboards , it’s possible to use recruitment metrics to better interpret and evaluate a variety of talent acquisition factors that aid in hiring processes.

The Right Metric Matters

Andrew White

An oft heard inquiry from clients is, “What is the right metric to use?” In all cases the assumption is that there is a definitive metric or key performance indicator (KPI). Such initiatives sought to provide an aligned set of metrics for all the major activities in an organization. In other words, the two metrics used provide local goals that when taken together, or globally, create complexity that will lead to inefficiencies.

7 metrics every sales manager must know and measure

Phocas

Here's the 7 metrics every sales manager must know and measure. Sales managers need to be savvy and strategic to get ahead. Job Role - Sales

Sales 160

Measure the Immeasurable: Beyond Vanity Metrics

Speaker: Sari Harrison, Product Management Instructor, Product School

Top 18 Social Media KPIs & Metrics You Should Use For A Complete SM Strategy

datapine

Here, we’ll examine 18 essential KPIs for social media, explore the dynamics and demonstrate the importance of social metrics in the modern business age with the help of a KPI software , and, finally, wrapping up with tips on how to set KPIs and make the most of your social platforms.

Take Complete Charge Of Customer Satisfaction Metrics – Customer Effort Score, NPS & Customer Satisfaction Score

datapine

Read here how these metrics can drive your customers’ satisfaction up! Customer satisfaction metrics evaluate how the products or services supplied by a company meet or surpass a customer’s expectations. These metrics are crucial to any business’s long-term success.

The Very Best Digital Metrics For 15 Different Companies!

Occam's Razor

There is no golden metric for everyone, we are all unique snowflakes! :). and tell you what are the best key performance indicators (metrics) for them. In the past I’ve shared a cluster of metrics that small, medium and large businesses can use as a springboard….

These Top 3 Email Metrics Tools Are Made Possible By Big Data Analytics

Smart Data Collective

Email productivity is intrinsically linked to your productivity as a whole, and studying your email metrics using email metrics tools is the only way to make improvements. The Best Email Metrics Tools for Email Productivity. Big data is changing the nature of email marketing.

Excellent Analytics Tip #25: Decrapify Search, Social Compound Metrics

Occam's Razor

I wish we did not have this desire to pulpify a bunch of metrics to produce something recognizable. Here's a summary of our journey in this delightful post… ~ What are Compound Metrics? ~ The Challenge with Compound Metrics: Social Media Edition. Compound metrics.

Build Product Progress with a Strong Data Culture

Speaker: Nima Gardideh, CTO, Pearmill

Excellent Analytics Tip #23: Align Hits, Sessions, Metrics, Dimensions!

Occam's Razor

Today's post is about a new problem I'm starting to notice, which only exists because our tools have become so much cooler and handed us so much power: constant mismatching of hit- and session-level metrics and dimensions. What is a metric? ]. What is a metric? ].

Email Marketing: Campaign Analysis, Metrics, Best Practices

Occam's Razor

You must use metrics that are unique to the medium. Ready for the best email marketing campaign metrics? So for our email campaign analysis let’s look at metrics using that framework. Optimal Acquisition Email Metrics. Segmenting this metric is really powerful.

Smart Dashboard Modules: Insightful Dimensions And Best Metrics

Occam's Razor

Each shows a unique facet of digital performance, and I've attempted to choose the best dimensions and, for those dimensions, the best possible metrics. The problem is they over-indexed in acquisition (the first five metrics), only had one outcome metric, and no behavior metric.

Magnificent Mobile Website And App Analytics: Reports, Metrics, How-to!

Occam's Razor

They will need two different implementations, it is quite likely that you will end up with two sets of metrics (more people focused for mobile apps, more visit focused for sites). Mobile content consumption, behavior along key metrics (time, bounces etc.)

Your 2-Part Metrics Audit for High-Value Products

Speaker: Sam McAfee, Product Development Consultant, Startup Patterns

Ad Block Tracking With Google Analytics: Code, Metrics, Reports

Occam's Razor

And, you can see the all important metric of Conversion Rate. I consider this metric, Per Session Goal Value, to be critical for publishers and hence likely the best one you can use to measure the various implications on you from people's use of ad blockers.

Key Metrics to Measure Performance of Your Healthcare App

Perficient Data & Analytics

Below are some essential metrics that you should be tracking and closely monitoring. Engagement metrics such as: Number of Downloads – it’s important to know how many times the mobile app has been installed. Screen Views per Visit – this metric informs you of how many mobile app screens are interacted with during a session. Retention Rate – with this metric you know how many users return to your mobile app after their first visit.

The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago.

Excellent Analytics Tip #27: Chase Smart Calculated Metrics!

Occam's Razor

The specific metric I've been mad about since day one of this blog ( May 14th, 2006! ) Metrics create incentives, bad metrics create bad incentives. While this is a great lesson in the power of defining metrics optimally, why bring this up, one more time, today?

Crucial KPIs for Your Growing Company: 7 Principles & 35 Metrics Every SMB Needs

Facebook Advertising / Marketing: Best Metrics, ROI, Business Value

Occam's Razor

FBe's recommendation was (paraphrasing a 35 min talk): Don't invent new metrics, use online versions of Reach and GRPs to measure success. Because we don't understand the uniqueness, we fall back on profoundly sub-optimal old world metrics like Reach or Online GRP equivalents.

Determine the Metrics to Monitor – How to Design a Dashboard

The Data School

Define what metrics actually matter to business professionals

Excellent Analytics Tip #26: Every Critical Metric Should Have A BFF!

Occam's Razor

But the problem is that single golden metrics hide valuable insights and, more often than not, drive bad behavior. Here's my proposal: If you are pushed to have a single golden metric, give it a partner. The BFF metric you find should not be one that is very far away.

Give up those Measures and Metrics to Succeed – Really

Andrew White

This is a wise management message that we have all taken to heart, what with our love for metrics, KPIs, and performance measures. Quite an interesting thought – giving up on our metrics and measures…. I want to comment in an insightful and challenging Opinion piece in this last weekends US print edition of the Wall Street Journal. The article was titled, A Dearth of Data Helped Hong Kong Succeed , and it was written by Jairaj Devadiga.

Quantifying a Culture of Innovation

Best Social Media Metrics: Conversation, Amplification, Applause, Economic Value

Occam's Razor

We have IT-minded people engaging in massive data puking (one report with 30 metrics anyone?) I want to propose a framework you can use to measure success using metrics that matter for one simple reason: They actually measure if you are participating in the channel in an optimal fashion.

Google Analytics Visits Metric: Change. Implications. Opportunities.

Occam's Razor

Which metrics are impacted? Google Analytics Visits Metric: Change. Marketing Tips Web Metrics google analytics multi touch attribution analysis multi-channel funnels website visitsRecently the Google Analytics team changed the way sessionization algorithm.

How Analytics by Design Tackles The Yin and Yang of Metrics and Data

Kirk Borne

The outcomes of programs and activities should meet business goals and objectives, and metrics are necessarily derived from those. The metrics therefore measure performance against desired outcomes. Similarly, some will say that they are metrics-driven.

Best Metrics For Digital Marketing: Rock Your Own And Rent Strategies

Occam's Razor

In a world of infinite choice, the ability to pick critical few metrics to focus on is, well…, critical. In this post I want to share that one-page list of the best metrics for digital content, marketing and business success with you. Best Digital Metrics: Comprehensive View.

Executive Report: The Customer Data Too Often Overlooked by the C-Suite

of respondents review their dashboard of metrics. critical metrics and. New Study Reveals Reliance on Too Few. Data Sources; Organizations Likely Missing. Opportunities to Meet the Real Needs of.

Crushing It With Competitive Intelligence Analysis: Best Metrics, Reports

Occam's Razor

Traffic Trends Key Metrics Analysis. Onsite Behavior Key Metrics Analysis. I tend to use Hitwise a lot less, or not at all, because it is a very hard to use, it is slow, the UX/UI, metrics and reports have not really evolved over the years. Traffic Trends Key Metrics Analysis.

Build the Metrics – How to Design a Dashboard

The Data School

Use SQL to query the database to get the data behind the metrics people want to see

Best Web Metrics / KPIs for a Small, Medium or Large Sized Business

Occam's Razor

I am going to attempt to significantly simply your life by recommending the critical few metrics you should use to analyze performance of your digital marketing campaigns and website. Recommend metrics / KPIs you can use based on the size of your company. Obsess about this metric.

Your Web Metrics: Super Lame or Super Awesome?

Occam's Razor

Web Analysts are blessed with an immense amount of data, and an amazing amount of valuable, even sexy, metrics to understand business performance. Yet our heroic efforts to report the aforementioned sexy metrics lead to little business action. These metrics are super lame because.

Six Web Metrics / Key Performance Indicators To Die For

Occam's Razor

Explain why, hopefully you'll have rules you can apply and check if your Web Metrics are indeed KPI's! Your Web Metrics: Super Lame or Super Awesome? Far too often we slap KPI on any web metric without pausing to think what our business is solving for.

Social Media Analytics: Twitter: Quantitative & Qualitative Metrics

Occam's Razor

Are not just reporting "hits", rather coming up with clever metrics. Quantitative Metrics / Analyses. While on the surface they might seem useful, I am always suspicious of compound metrics. Here are some, IMHO, differentiated metrics.

Standard Metrics Revisited: #3: Bounce Rate

Occam's Razor

So what is this mysterious metric? In Adobe's Site Catalyst bounce rate is not a standard metric, but you are able to create a special custom metric. If you don't fall into those two categories you need to pay very careful attention to this metric.

Standard Metrics Revisited: #6: Daily, Weekly, Monthly Unique Visitors.

Occam's Razor

All web analytics tools have a smattering of metrics and key performance indicators that were created just because someone decided it would be cute to add / subtract / multiply / divide some numbers. The Daily metric, so to speak, does not even last in value beyond two days!

Brand Measurement: Analytics & Metrics for Branding Campaigns

Occam's Razor

Remember: Engagement is not a metric, its an excuse. ]. The ideal metrics for this desired outcome are Visitor Loyalty & Visitor Recency. You can compute two important metrics: Likelihood to Recommend / Brand Lift.