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All Blog Posts Tagged 'accuracy' (2)

The Value of Accuracy in Predictive Analytics

This article was first posted in 2014 but the message bears repeating.  There is a lot being written about tools simple enough for the citizen data scientist to operate.  The unstated constraint is that if you don't have significant experience in data science then these will always be "good enough" models.  The problem is that 'good enough' models under achieve both revenue and profit.  Very small increases in model fitness can translate into much larger increases in campaign ROI.  Business…

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Added by William Vorhies on October 8, 2014 at 8:00am — 4 Comments

Hazards of Institutional Data

A prominent discrimination case in Canada involves a firefighter named Tawney Meiorin.  Meiorin had successfully performed her duties as a firefighter for many years.  She lost her job after the introduction of mandatory testing to determine her fitness for the position.  The testing measured aerobic capacity, and it was developed in a manner that many would regard as scientific; that is to say, it used a highly quantitative and analytic approach.  However,…

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Added by Don Philip Faithful on November 23, 2013 at 4:43am — 1 Comment

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