Summary: Data Scientists from Booking.com share many lessons learned in the process of constantly improving their sophisticated ML models. Not the least of which is that improving your models doesn’t always lead to improving business outcomes.
"Measurement owes its existence to Earth; estimation of quantity to measurement; calculation to estimation of quantity; balancing of chances to calculation; and victory to balancing of chances." - Sun Tzu, The Art of War (Translated by L. Giles)
The quote from Sun Tzu seems to suggest how a military leader gathers data; adapts to different situations; and makes decisions weighing the circumstances. It says that the balancing of chances depends on "calculation." I…Continue