Comments on: Predictive Analytics: 8 Things to Keep in Mind (Part 4)

By: Predictive Analytics: 8 Things to Keep in Mind (Part 6) « Amaresh Tripathy's Blog on Information & Decisions

Wed, 24 Mar 2010 19:07:14 +0000

[...] parts of the series are available here: part 1, part 2, part 3, part 4, and part [...]

By: Predictive Analytics: 8 Things to Keep in Mind (Part 5) « Amaresh Tripathy's Blog on Information & Decisions

Wed, 17 Mar 2010 03:09:29 +0000

[...] Here are the links to previous postings: part 1, part 2, part 3 and part 4 [...]

By: Amaresh Tripathy

Amaresh Tripathy — Sat, 13 Mar 2010 22:26:11 +0000

Will – Thank you for the comment. You are right that technicians cannot make this happen alone and have to work with business managers to educate them and bring them along.

By: Will Dwinnell

Will Dwinnell — Sat, 13 Mar 2010 20:50:43 +0000

Speaking as one of the statisticians, I will say that you’re preaching to the choir. Some managers are receptive to creative applications of data mining, and some are not. The conversation is asymmetric, though, in that it is the manager who makes the final call. My experience has been that managers and companies which understand and effectively employ these technologies have a competitive advantage over those who do not, but technicians cannot make this happen alone.

“…linear regression and logistic regression are more than half-a-century old”

Incidentally, logistic regression was devised a century and a half ago, and linear regression (the least absolute errors variant) was invented two and a half centuries ago.

By: Amaresh Tripathy

Amaresh Tripathy — Wed, 10 Mar 2010 18:43:34 +0000

Thanks for the comment, Rama

By: Rama Ramakrishnan

Rama Ramakrishnan — Tue, 09 Mar 2010 01:01:14 +0000

Well said, Amaresh, well said.

And I loved the video-game mastery metaphor. Very apt indeed!