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Simple Methods and Ensemble Forecasting of Elections
Two enduring principles of forecasting are that simple methods can work as well as fancy methods, and that combining (averaging) forecasts, also known as "ensemble forecasting," will usually result in more accurate predictions than the individual methods being averaged.[read more]
The Predictive Power of Nonsense
Today we have Halloween masks, coffee cups, cookie sales, and winners of sporting events all being credited with forecasting ability. But if you search hard enough (and it won't even be that hard), you can always find perfect associations in history that have no predictive power.[read more]
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“Thats a great question.Data consumption over time is often not analyzed into the required details (see the third bullet in the article.) Organizations are focused on understanding creation and enablement of data so much that the process of consumption (and use) is often overlooked.The data quality audits should question consumers, we needed this then, but do we still need it now?Data quality ...”
“Interesting post.It is challenging for companies switching to the cloud to get it right. The various benefits such as cost savings and ubiquity should not come at a loss of security.Read this whitepaper "Cloud risks: Striking a balance between savings and security" read an interesting piece on cloud risks, and if the cloud is the right solution for your business ...”