4 Types of Distance Metrics in Machine Learning

Analytics Vidhya

Distance metrics are a key part of several machine learning algorithms. These distance metrics are used in both supervised and unsupervised learning, generally to. The post 4 Types of Distance Metrics in Machine Learning appeared first on Analytics Vidhya.

A critical inventory metric: projected inventory level

Phocas

When it comes to managing inventory with a software solution, it is critical to establish inventory metrics that drive success for the present and future — making projected inventory level a crucial area to monitor.

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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.

Corinium Meets: Quantum Metric Head of Behavioural Research Marina Shapira

Corinium

Ahead of her presentation at CDAO UK, we spoke with Quantum Metric’s Marina Shapira about predictive analytics, why companies should embrace a culture of experimentation how and CAOs and CXOs can work together effectively.

Inventory management metrics to handle demand volatility

Phocas

By putting inventory management metrics to work will help you be more flexible and keep your team focused on customers and suppliers who continue to trade.

Stock Coverage: days cover calculation and other stock metrics

Phocas

The question is, how do you measure 'days cover calculation' and other useful inventory metrics. Anyone who manages inventory is familiar with stock coverage. Industry - Wholesale Distribution Job Role - Inventory/Operations

Sustainable Behavior Change: Metrics, Measurements and Methods

Corinium

Corporate Learning CLO

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

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Clustering Metrics Better Than the Elbow Method

KDnuggets

We show what metric to use for visualizing and determining an optimal number of clusters much better than the usual practice — elbow method. 2019 Oct Tutorials, Overviews Clustering Metrics

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.

Metrics Are The Characters of Data Stories

Juice Analytics

Perhaps it is worth considering whether metrics are our characters. Metrics are the critical pivot point — the thing that we want to see change for the better. Your metric selections should be carefully curated and intentional in the way that an author creates characters for a book.

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.

How to Create a Test Set to Approximate Business Metrics Offline

Analytics Vidhya

The post How to Create a Test Set to Approximate Business Metrics Offline appeared first on Analytics Vidhya. Introduction Most Kaggle-like machine learning hackathons miss a core aspect of a machine learning workflow – preparing an offline evaluation environment while building an.

The Top Metrics That Make a Difference for Software Development Teams

DataFloq

While business and project owners would undoubtedly say that they want to reach these goals, they fail to implement the necessary metrics into the software development process. Why Use Software Development Metrics?

The problem with metrics is a big problem for AI

KDnuggets

The practice of optimizing metrics is not new nor unique to AI, yet AI can be particularly efficient (even too efficient!) 2019 Oct Opinions AI Metrics Rachel Thomasat doing so.

Data Analytics Provides New Insights on Email Marketing Metrics

Smart Data Collective

They need to stop sending cold emails until they have good metrics. However, you need to make sure that you use the right metrics in your email marketing campaigns. In addition, there are four important metrics in particular that you need to be using.

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.

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….

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 5 Classification Evaluation metrics every Data Scientist must know

MLWhiz

But do we really want accuracy as a metric of our model performance? What do we want to optimize for? Most of the businesses fail to answer this simple question. Every business problem is a little different, and it should be optimized differently. We all have created classification models.

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.

Top 40 Engineering KPIs and Metric Examples for 2020 Reporting

Jet Global

An engineering Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure that an engineering firm uses to gauge its success over time. This performance metric measures the rate at which your engineering team meets its deliverables on time.

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.

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.

Top 35+ Distribution KPIs and Metric Examples for 2020 Reporting

Jet Global

A distribution Key Performance Indicator (KPI) or metric is a measure that a company in the distribution sector uses to monitor its performance and efficiency. Distribution metrics analyze inventory management, utilization rates, fleet management, order picking and shipping, and financials.

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4 Crucial Metrics All SaaS Companies Must Track with Big Data

Smart Data Collective

Tracking the right metrics is an important part of running a successful business. When your company is offering software as a service, the need for tracking certain metrics becomes dire, and in this post, we are talking about those metrics. How to calculate this metric?

Upcoming Webinar, Machine Learning Vital Signs: Metrics and Monitoring Models in Production

KDnuggets

In this upcoming webinar on Oct 23 @ 10 AM PT, learn why you should invest time in monitoring your machine learning models, the dangers of not paying attention to how a model’s performance can change over time, metrics you should be gathering for each model and what they tell you, and much more.

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.)

28 Best Insurance KPIs and Metrics Examples for 2020 Reporting

Jet Global

An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful.

On Being Model-driven: Metrics and Monitoring

Domino Data Lab

Miner advocates for using a vital sign or a metric from a productionalized model that can be measured over time. This is beyond the traditional metric of “is the model working?

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.

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.

Top 35+ Finance KPIs and Metric Examples for 2020 Reporting

Jet Global

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. These three statements are data rich and full of financial metrics. The Fundamental Finance KPIs and Metrics – Cash Flow.

IBM BigFix and Licensing Metric Tool

Perficient Data & Analytics

A few months ago, I was assigned the task of installing BigFix*/IBM Licensing Metric Tool (ILMT) for a client. Also, I did mistakenly refer to the IBM Licensing Metric Tool as the IBM Licensing Management Tool.

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.

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?

Sales Metrics Analysis ? Your Key to Improved Sales Performance

ScienceSoft

ScienceSoft shares how sales metrics analysis helps you evaluate your team’s performance and drive sales productivity

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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.

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.

30 Best Manufacturing KPIs and Metric Examples for 2020 Reporting

Jet Global

A manufacturing Key Performance Indicator (KPI) or metric is a well defined and quantifiable measure that the manufacturing industry uses to gauge its performance over time. The Fundamental Manufacturing KPIs and Metrics That You Should Be Using in 2020. What Is A Manufacturing KPI?

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.

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.