[ COVER OF THE WEEK ]
Data Mining Source
[ AnalyticsWeek BYTES]
[ NEWS BYTES]
[ FEATURED COURSE]
Process mining is the missing link between model-based process analysis and data-oriented analysis techniques. Through concrete data sets and easy to use software the course provides data science knowledge that can be ap… more
[ FEATURED READ]
Data science libraries, frameworks, modules, and toolkits are great for doing data science, but they’re also a good way to dive into the discipline without actually understanding data science. In this book, you’ll learn … 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]
Subscribe to Youtube
[ QUOTE OF THE WEEK]
The goal is to turn data into information, and information into insight. Carly Fiorina
[ PODCAST OF THE WEEK]
[ FACT OF THE WEEK]
Walmart handles more than 1 million customer transactions every hour, which is imported into databases estimated to contain more than 2.5 petabytes of data.