3 ms·
Some systems are more complex than others. Others exhibit more apparent regularity. This also comes into play depending on what scale you're working at. Althoug
by rywa 14y ago
Some systems are more complex than others. Others exhibit more apparent regularity. This also comes into play depending on what scale you're working at. Although it's difficult to predict the weather that doesn't mean it's equally to difficult to predict something like the load on an electric grid, which depends on the weather. Electricity companies have been doing this for decades.
- crusso 14y agoIt's also important to understand the perceived success of predictive analytics in the context of the problem being solved. For example in predictive analytics used to determine product distribution at major retailers, the goal isn't to be perfect. The goal is to be a little bit better than what humans (or their previous methods) could do. If you go to Target management and prove that your predictive analytics is 3.3% better at predicting how many blenders they'll need in each of their stores, but that 3.3% netted them 5 million dollars, they'll sit up and listen.