The modern business world is captivated by data science and analytics. It seems like in almost every enterprise there is talk of needing to bulk up the data science and…
Motivation I’ve read several studies and articles that claim Econometric models are still superior to machine learning when it comes to forecasting. In the article, “Statistical and Machine Learning forecasting methods:…
Over 20% of Amazon’s North American retail revenue can be attributed to customers who first tried to buy the product at a local store but found it out-of-stock, according to…
If you are having the following symptoms at your company when it comes to business KPI forecasting, then maybe you need to look at automated forecasting: Ugly Excel spreadsheets with…
There are plenty of methods out there for machine learning model interpretability with fancy names but what is lacking in all of them? ICE and Partial Dependence Plots in…
The Importance of Using Thresholds to Convert Predicted Probabilities into Class Labels You’d be surprised at how many data scientists don’t know how to turn their probabilities into class labels.…
