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All Blog Posts Tagged 'pattern' (5)

Market Alignment - An Application of Systems Theory for Organizations

The main components of systems theory that readers might remember are “inputs,” “processes,” and “outputs.”  The part that tends to get neglected is “feedback mechanisms.”  These mechanisms tell the system the extent to which operations fit the environment.  If there is lack of fitness, there is stress.  One adaptive impulse is to make processes more complex and intelligent - i.e. sometimes described as the fight response.  Another impulse is to give up and run away - i.e. the flight…

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Added by Don Philip Faithful on June 23, 2018 at 9:00am — 1 Comment

Basics of Bayesian Decision Theory

The use of formal statistical methods to analyse quantitative data in data science has increased considerably over the last few years. One such approach, Bayesian Decision Theory (BDT), also known as Bayesian Hypothesis Testing and Bayesian inference, is a fundamental statistical approach that quantifies the tradeoffs between various decisions using…

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Added by Kostas Hatalis on March 15, 2018 at 12:00pm — No Comments

Book: Text Analytics with Python

Text Analytics with Python -- A Practical Real-World Approach to Gaining Actionable Insights from your Data

Text analytics can be a bit overwhelming and frustrating at times with the unstructured and noisy nature of textual data and the vast amount of information available. "Text Analytics with Python" published by Apress\Springer, is a book packed with 385 pages of useful information based on techniques, algorithms,…

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Added by Dipanjan Sarkar on July 14, 2017 at 4:00am — No Comments

Seasonality

I have never been formally trained on how to deal with seasonality. But I wanted to take a moment to share my perspective based on experience, which I hope readers will find fairly straightforward. Some people use sales revenues in order to evaluate seasonal differences. I find it more desirable to analyze units sold if possible. A price increase resulting in slightly higher revenues does not in itself represent increased demand. Nor should discounted prices leading to reduced revenues…

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Added by Don Philip Faithful on August 23, 2015 at 5:19am — No Comments

Ten General Principles in Data Mining/Science

Through years, working with different clients and applications, I have found a set of data mining general principles that also hold through in the context of big data.  These are all listed in my book. Here I enumerate them using the terminology I have used in the book:
  1. Use of “all the data” is not equivalent to building the deepest Analytics Dataset (ADS) in terms of…
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Added by Khosrow Hassibi on April 3, 2015 at 9:30am — 1 Comment

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