Super Bowl odds, projections: Why our model sees Falcons, Chargers as playoff contenders
nytimes.com
Super Bowl odds, projections: Why our model sees Falcons, Chargers as playoff contenders
Prediction helps. Predictively scoring and ranking transactions dramatically boosts fraud detection. A team of enforcement workers can inspect only a fixed number of suspected transactions each week.
Eric Siegel • Predictive Analytics
Imagine you are a bank. Imagine being able to identify every credit card option customers considered. Imagine being able to understand if it was a reward program, interest rates, or annual fees that drove their choice. Imagine knowing what they say about each product
Bill Franks • Taming The Big Data Tidal Wave: Finding Opportunities in Huge Data Streams with Advanced Analytics (Wiley and SAS Business Series)
The probability that a startup will make it big is not simply a constant fraction of the probability that they will succeed at all. If it were, you could fund everyone who seemed likely to succeed at all, and you'd get that fraction of big hits. Unfortunately picking winners is harder than that. You have to ignore the elephant in front of you, the ... See more
Paul Graham • Black Swan Farming
CRM applications, for example, can point to segmentation and propensity scores.