Octopai

JUNE 21, 2021

Banking activities certainly have their risks, like credit risk (e.g. borrowers defaulting on loans) and operational risk (e.g. If Basel IV defines how to measure credit and operational risk for the purposes of capital reserve requirements, FRTB defines how to measure market risk for the same purpose.

Risk 52

Risk Measurement Modeling Forecasting 52

Octopai

JUNE 16, 2021

Do you ever feel like taking risks? . If you’re a bank, however, taking risks doesn’t just have implications for you, but for all your customers and (if you’re big enough) for the economy as a whole. . The Basel III framework, as well as Basel IV, call for regulation changes in multiple areas, including: Credit risk.

Management 52

Management Risk Management Risk Visualization 52

The Unofficial Google Data Science Blog

JULY 22, 2020

One reason to do ramp-up is to mitigate the risk of never before seen arms. A ramp-up strategy may mitigate the risk of upsetting the site’s loyal users who perhaps have strong preferences for the current statistics that are shown. For example, imagine a fantasy football site is considering displaying advanced player statistics.

Experimentation 96

Experimentation Statistics Testing Knowledge Discovery 96

The Unofficial Google Data Science Blog

JUNE 30, 2016

A naïve comparison of the exposed and unexposed groups would produce an overly optimistic measurement of the effect of the ad, since the exposed group has a higher baseline likelihood of purchasing a pickup truck. 2007): Propose a finite collection $mathcal L={hat e_k:k=1,ldots,K}$ of estimation algorithms.

Statistics 45

Statistics Optimization Modeling Experimentation 45

The Unofficial Google Data Science Blog

APRIL 23, 2024

the weight given to Likes in our video recommendation algorithm) while $Y$ is a vector of outcome measures such as different metrics of user experience (e.g., Taking measurements at parameter settings further from control parameter settings leads to a lower variance estimate of the slope of the line relating the metric to the parameter.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

The Unofficial Google Data Science Blog

MAY 31, 2016

It is important that we can measure the effect of these offline conversions as well. Panel studies make it possible to measure user behavior along with the exposure to ads and other online elements. Let's take a look at larger groups of individuals whose aggregate behavior we can measure. days or weeks).

Advertising 43

Advertising Testing Sales Statistics 43

O'Reilly on Data

DECEMBER 9, 2019

The probability of an event should be measured empirically by repeating similar experiments ad nauseam —either in reality or hypothetically. Statisticians who believe that probability is a natural property of an event and is measured empirically as a long-run relative frequency are called frequentists. on average. and an error term ??

Statistics 31

Statistics Uncertainty Risk Marketing 31

Occam's Razor

OCTOBER 15, 2012

The cost of failure in the offline world is so high that even when the cost of failure is low (online), they don't want to take the smallest risk. I spend 70% of my time in the US and for those discussions I'm primary looking at speed (connection above), mobile penetration (yes, 2007 was the year of mobile!),

Advertising 137

Advertising Marketing Strategy Insurance 137

Domino Data Lab

FEBRUARY 4, 2019

Eric’s article describes an approach to process for data science teams in a stark contrast to the risk management practices of Agile process, such as timeboxing. The ability to measure results (risk-reducing evidence). Legal concerns, risk, compliance. Frédéric Kaplan, Pierre-Yves Oudeyer (2007). Yuri Burda, et al.

Data Science 66

Data Science Experimentation Machine Learning Data-driven 66

datapine

DECEMBER 28, 2021

These controlling measures are essential and should be part of any experiment or survey – unfortunately, that isn’t always the case. Drinking tea increases diabetes by 50%, and baldness raises the cardiovascular disease risk up to 70%! In 2007, Colgate was ordered by the Advertising Standards Authority (ASA) of the U.K.

Statistics 363

Statistics Advertising Visualization Data mining 363

CIO Business Intelligence

OCTOBER 29, 2024

since 2007. EA’s look at the entire “estate” with an enterprise-wide view and being inclusive in their approach to solutioning business asks while acknowledging the importance of taking sustainability measures and responsible AI practices into account. Measures progress in reducing outdated or redundant technology systems.

Enterprise 122

Enterprise Cost-Benefit Metrics Strategy 122