This article was written by Tirthajyoti Sarkar. Acknowledgements Thanks to my CS7641 class at Georgia Tech in my MS Analytics program, where I discovered this conce...
Human and artificial intelligence compares just as well as oranges and apples do. Nonetheless, the broader public does precisely that, including a vast portion of busines...
As Kevin Lynch, CTO of The Information Lab in Dublin, was describing how his organization uses the Hypothesis Development Canvas, it occurred to me that Kevin was actuall...
If X(1), X(2), …, X(n) are independent random variables, not necessarily with the same distribution, what is the variance of Z = X(1) X(2) … X(n)? It turns ou...
The Difference between Coding and Programming are explained in the below-mentioned points: Coding is the process of translating and writing codes from one language to ano...
Correlation and regression analysis both deal with relationships between variables. There are many different types of correlation and regression; This image focuses on ...
I’ve written several times about how the “economies of learning” are more powerful than the “economies of scale”. Through a continuous learning and refinement...
Recently we have discussed the emerging concept of smart farming that makes agriculture more efficient and effective with the help of high-precision algorithms. The mecha...
Evaluating a model is just as important as creating the model in the first place. Even if you use the most statistically sound tools to create your model, the end result ...
R-squared can help you answer the question “How does my model perform, compared to a naive model?”. However, r2 is far from a perfect tool. Probably the mai...