A topic not often distinctly mentioned, but it is an element of many problems. Should get more attention. In Open Data Science. Contains a number of good business examples. A broad definition of decision success. Might be a good idea to always think of problems this way so that measures used and solutions are thought of in the same way. Technical:
" ... Consider the following problem: for a number of items U = {x_1, …x_n} pick a small set of them X = {x_i1, x_i2, ..., x_ik} such that there is a high probability one of the x in X is a “success.” By success I mean some standard business outcome such as making a sale (in the sense of any of: propensity, appetency, up selling, and uplift modeling), clicking an advertisement, adding an account, finding a new medicine, or learning something useful. .... "
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment