datapine

JANUARY 31, 2022

For example, in regards to marketing, traditional advertising methods of spending large amounts of money on TV, radio, and print ads without measuring ROI aren’t working like they used to. Everything is being tested, and then the campaigns that succeed get more money put into them, while the others aren’t repeated.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

DataRobot Blog

DECEMBER 15, 2022

By simplifying Time Series Forecasting models and accelerating the AI lifecycle, DataRobot can centralize collaboration across the business—especially data science and IT teams—and maximize ROI. After your project has been finalized, you can review all the models that were trained. There are multiple ways to do so.

Forecasting 81

Forecasting Modeling ROI Machine Learning 81

Smarten

JULY 31, 2019

Once the business has chosen data democratization and implemented a self-serve analytics solution, it must measure ROI & TCO and establish metrics that will compare business results achieved before and after the implementation. How does one measure the effectiveness of a new Augmented Data Discovery solution? But, that is OK.

Predictive Modeling 40

Predictive Modeling Metrics Measurement ROI 40

Insight

FEBRUARY 19, 2020

I held out 20% of this as a test set and used the remainder for training and validation. Feature Selection and Engineering Most of the inputs to my model were taken either as is from the data source, or with minimal processing. The ROI is simply the fraction of the budget that the movie makes back at the box office (i.e.,

Risk 67

Risk ROI Modeling Metrics 67

IBM Big Data Hub

JUNE 29, 2023

In order to take a proactive approach to asset reliability, maintenance managers rely on two widely used metrics: mean time between failure, (MTBF) and mean time to repair (MTTR). Both KPIs help predict how assets will perform and assist managers in planning preventive and predictive maintenance.

Cost-Benefit 84

Cost-Benefit Measurement Management Predictive Analytics 84

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

The ROI of human involvement When it comes to human involvement, the key difference is in the magnitude of costs associated with any one forecast cycle. This defines the ROI on the investment of human time. A single model may also not shed light on the uncertainty range we actually face.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Sisense

SEPTEMBER 25, 2020

Linear regression is a form of supervised learning (or predictive modeling). In supervised learning, the dependent variable is predicted from the combination of independent variables. When a single independent variable is used to predict the value of a dependent variable, it’s called simple linear regression.

Statistics 98

Statistics Predictive Modeling Modeling Machine Learning 98