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Dr. Olav Laudy's Blog (1)

The misapprehension of the data science use-case.

“We want to predict -X-.” Fill in any desirable topic on the location of the X and you have the formulation of a use-case in the way many companies today think about analytics use-cases. In order of increasing probability of success of such use-cases: X equals the winning lottery number, the future price of crude oil, windows falling from high-rise buildings (not kidding; actual use-case) and finally, a customer buying a mortgage.

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Added by Dr. Olav Laudy on June 25, 2017 at 4:00pm — No Comments

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