It is a Mistake to.... Accept Leaks from the Future - Predictive Analytics Times - machine learning & data science news
Predictive Analytics Times
Predictive Analytics Times

5 years ago
It is a Mistake to…. Accept Leaks from the Future

 (Part 6 (of 11) of the Top 10 Data Mining Mistakes, drawn from the Handbook of Statistical Analysis and Data Mining Applications) -John Elder ( I often evaluate promising investment systems, for possible implementation. In one, a Ph.D. consultant, with a couple of books under his belt, had prepared a neural network model for a Chicago bank to forecast interest rate changes. The model was 95% accurate – astonishing given the importance of such rates for much of the economy. The bank board was cautiously ecstatic, and sought a second opinion. My colleagues found that a version of the output

To view this content
Login OR subscribe for free

Already receive the Predictive Analytics Times emails?
As of January 2014, the Predictive Analytics Times now requires legacy email subscribers to upgrade their subscription - one time only - in order to attain a password-protected login and gain complete access.

Click here to complete this one-time subscription upgrade


Existing Users Log In
New User Registration
*Required field

Comments are closed.

Pin It on Pinterest

Share This