In a perfect world, a retailer knows exactly how much demand they can expect, they order just enough inventory from their vendors and suppliers to completely sell it throughout their stores by the end of the given period or season. Warehouses are only used as cross-docks which streamline the supply chain from point of origin to point...
Recently, Nissan Motor announced that they will release a self driving car by 2020. According to Karl Brauer of Kelley Blue Book, “The technology to create self-driving cars is already here, as sci-fi as it...
Prediction isn’t just for the stock market. Trading is just one of many ways to cash in on quantitative foresight. For mass marketing – and even presidential campaigns – it’s another story. In those areas, putting odds...
(Part 2 of 11 of the Top 10 Data Mining Mistakes, drawn largely from Chapter 20 of the Handbook of Statistical Analysis and Data Mining Applications)...
The Cross Industry Standard Process for Data Mining (CRISP-DM) is the leading published methodology for Data Mining (DM), and by extension, Predictive Analytics (PA). I use it routinely as I lead PA projects and when I...
