[ COVER OF THE WEEK ]
Statistically Significant Source
[ AnalyticsWeek BYTES]
[ NEWS BYTES]
[ FEATURED COURSE]
Machine learning (ML) is one of the fastest growing areas of science. It is largely responsible for the rise of giant data companies such as Google, and it has been central to the development of lucrative products, such … more
[ FEATURED READ]
Antifragile is a standalone book in Nassim Nicholas Talebs landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we dont understand. The… more
[ TIPS & TRICKS OF THE WEEK]
Analytics Strategy that is Startup Compliant
With right tools, capturing data is easy but not being able to handle data could lead to chaos. One of the most reliable startup strategy for adopting data analytics is TUM or The Ultimate Metric. This is the metric that matters the most to your startup. Some advantages of TUM: It answers the most important business question, it cleans up your goals, it inspires innovation and helps you understand the entire quantified business.
[ DATA SCIENCE Q&A]
Q:What are the drawbacks of linear model? Are you familiar with alternatives (Lasso, ridge regression)?
A: * Assumption of linearity of the errors
* Cant be used for count outcomes, binary outcomes
* Cant vary model flexibility: overfitting problems
* Alternatives: see question 4 about regularization
[ VIDEO OF THE WEEK]
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[ QUOTE OF THE WEEK]
The data fabric is the next middleware. Todd Papaioannou
[ PODCAST OF THE WEEK]
[ FACT OF THE WEEK]
More than 200bn HD movies which would take a person 47m years to watch.