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Netflix Prize - is RMSE a good measurement? No.
- soundsop 19y agoI don't understand a basic concept here. How does Netflix assign a monetary value to the improvement in rating prediction? For example, does rating prediction affect their inventory management? Or is it more of an issue of customers trusting/liking Netflix better if it's recommendations are better?
- boucher 19y agoThe idea is to improve recommendations. How well recommendations tie specifically to revenue is, I'm sure, a fairly guarded secret.
- Kaizyn 19y agoIt seems that Netflix is trying to offer a prize to stimulate innovation much like the X-Prize worked to raise interest in privately funded rocketry/space launching.