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Article: Using Data Mining Techniques to Predict the Winter Olympics Medal Counts
Posted on January 24, 2014 at 1:23pm 0 Comments 0 Likes
Can data mining techniques accurately predict the medal counts at the Olympics? This question came into mind four years ago while I was watching the Winter Games in Vancouver. I knew that a predictive model could give us an estimate of the number of medals each nation might win; but how close could we get to the actual outcomes? It was a tantalizing project …. …
ContinueArticle: Data Mining Misconceptions - The 50/50 Problem
Posted on November 8, 2012 at 5:00pm 2 Comments 1 Like
When creating a predictive model, data miners need to “tune” it to make the right kind of mistakes. Setting the cut-off point between ‘promising’ and ‘unpromising’ depends a lot on our client’s biggest concern -- missed opportunities or false alarms.
Data Mining Misconceptions #1: The 50/50 Problem…
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