Judgment In Predictive Analytics
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Judgment In Predictive Analytics
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Author : Matthias Seifert
language : en
Publisher: Springer Nature
Release Date : 2023-06-02
Judgment In Predictive Analytics written by Matthias Seifert and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-02 with Business & Economics categories.
This book highlights research on the behavioral biases affecting judgmental accuracy in judgmental forecasting and showcases the state-of-the-art in judgment-based predictive analytics. In recent years, technological advancements have made it possible to use predictive analytics to exploit highly complex (big) data resources. Consequently, modern forecasting methodologies are based on sophisticated algorithms from the domain of machine learning and deep learning. However, research shows that in the majority of industry contexts, human judgment remains an indispensable component of the managerial forecasting process. This book discusses ways in which decision-makers can address human behavioral issues in judgmental forecasting. The book begins by introducing readers to the notion of human-machine interactions. This includes a look at the necessity of managerial judgment in situations where organizations commonly have algorithmic decision support models at their disposal. The remainder of the book is divided into three parts, with Part I focusing on the role of individual-level judgment in the design and utilization of algorithmic models. The respective chapters cover individual-level biases such as algorithm aversion, model selection criteria, model-judgment aggregation issues and implications for behavioral change. In turn, Part II addresses the role of collective judgments in predictive analytics. The chapters focus on issues related to talent spotting, performance-weighted aggregation, and the wisdom of timely crowds. Part III concludes the book by shedding light on the importance of contextual factors as critical determinants of forecasting performance. Its chapters discuss the usefulness of scenario analysis, the role of external factors in time series forecasting and introduce the idea of mindful organizing as an approach to creating more sustainable forecasting practices in organizations.
Strategic Analytics The Insights You Need From Harvard Business Review
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Author : Harvard Business Review
language : en
Publisher: Harvard Business Press
Release Date : 2020-04-21
Strategic Analytics The Insights You Need From Harvard Business Review written by Harvard Business Review and has been published by Harvard Business Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-21 with Business & Economics categories.
Is your company ready for the next wave of analytics? Data analytics offer the opportunity to predict the future, use advanced technologies, and gain valuable insights about your business. But unless you're staying on top of the latest developments, your company is wasting that potential--and your competitors will be gaining speed while you fall behind. Strategic Analytics: The Insights You Need from Harvard Business Review will provide you with today's essential thinking about what data analytics are capable of, what critical talents your company needs to reap their benefits, and how to adopt analytics throughout your organization--before it's too late. Business is changing. Will you adapt or be left behind? Get up to speed and deepen your understanding of the topics that are shaping your company's future with the Insights You Need from Harvard Business Review series. Featuring HBR's smartest thinking on fast-moving issues--blockchain, cybersecurity, AI, and more--each book provides the foundational introduction and practical case studies your organization needs to compete today and collects the best research, interviews, and analysis to get it ready for tomorrow. You can't afford to ignore how these issues will transform the landscape of business and society. The Insights You Need series will help you grasp these critical ideas--and prepare you and your company for the future.
Analytics Across The Enterprise
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Author : Brenda L. Dietrich
language : en
Publisher: IBM Press
Release Date : 2014-05-15
Analytics Across The Enterprise written by Brenda L. Dietrich and has been published by IBM Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-15 with Business & Economics categories.
How to Transform Your Organization with Analytics: Insider Lessons from IBM’s Pioneering Experience Analytics is not just a technology: It is a better way to do business. Using analytics, you can systematically inform human judgment with data-driven insight. This doesn’t just improve decision-making: It also enables greater innovation and creativity in support of strategy. Your transformation won’t happen overnight; however, it is absolutely achievable, and the rewards are immense. This book demystifies your analytics journey by showing you how IBM has successfully leveraged analytics across the enterprise, worldwide. Three of IBM’s pioneering analytics practitioners share invaluable real-world perspectives on what does and doesn’t work and how you can start or accelerate your own transformation. This book provides an essential framework for becoming a smarter enterprise and shows through 31 case studies how IBM has derived value from analytics throughout its business. Coverage Includes Creating a smarter workforce through big data and analytics More effectively optimizing supply chain processes Systematically improving financial forecasting Managing financial risk, increasing operational efficiency, and creating business value Reaching more B2B or B2C customers and deepening their engagement Optimizing manufacturing and product management processes Deploying your sales organization to increase revenue and effectiveness Achieving new levels of excellence in services delivery and reducing risk Transforming IT to enable wider use of analytics “Measuring the immeasurable” and filling gaps in imperfect data Whatever your industry or role, whether a current or future leader, analytics can make you smarter and more competitive. Analytics Across the Enterprise shows how IBM did it--and how you can, too. Learn more about IBM Analytics
Predictive Analytics Using R
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Author : Jeffrey Strickland
language : en
Publisher: Lulu.com
Release Date : 2015-01-16
Predictive Analytics Using R written by Jeffrey Strickland and has been published by Lulu.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-16 with Business & Economics categories.
This book is about predictive analytics. Yet, each chapter could easily be handled by an entire volume of its own. So one might think of this a survey of predictive modeling. A predictive model is a statistical model or machine learning model used to predict future behavior based on past behavior. In order to use this book, one should have a basic understanding of mathematical statistics - it is an advanced book. Some theoretical foundations are laid out but not proven, but references are provided for additional coverage. Every chapter culminates in an example using R. R is a free software environment for statistical computing and graphics. You may download R, from a preferred CRAN mirror at http: //www.r-project.org/. The book is organized so that statistical models are presented first (hopefully in a logical order), followed by machine learning models, and then applications: uplift modeling and time series. One could use this a textbook with problem solving in R-but there are no "by-hand" exercises.
Eliciting And Analyzing Expert Judgement
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Author : Mary A. Meyer
language : en
Publisher:
Release Date : 1991
Eliciting And Analyzing Expert Judgement written by Mary A. Meyer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Computers categories.
Expert judgment is used in response to an enormous diversity of technical problems. The expert is often required to perform a role when other sources, such as measurement, observations, experimentation, or simulation are unavailable or not widely agreed upon. However, many problems are faced in translating expert judgment into reliable and unbiased solutions. With the correct elicitation and analysis techniques, Meyer and Booker show that using expert judgment can be infinitely more reliable and efficient.**The subject of this book is analyzing and eliciting expert judgment for practical applications. The authors provide guidelines for formal elicitation and analysis, with particular reference to methods developed in the field of human cognition and communication. They also outline the principle which proscribes that elicitation and analysis techniques should not be arbitrarily adopted but should always be dependent on the experts and their domain and on the way humans actually think. The book will allow even novice readers to design appropriate methods for their own particular application according to this principle.
Management Decision Making Big Data And Analytics
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Author : Simone Gressel
language : en
Publisher: SAGE
Release Date : 2020-10-12
Management Decision Making Big Data And Analytics written by Simone Gressel and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-12 with Business & Economics categories.
Accessible and concise, this exciting new textbook examines data analytics from a managerial and organizational perspective and looks at how they can help managers become more effective decision-makers. The book successfully combines theory with practical application, featuring case studies, examples and a ‘critical incidents’ feature that make these topics engaging and relevant for students of business and management. The book features chapters on cutting-edge topics, including: • Big data • Analytics • Managing emerging technologies and decision-making • Managing the ethics, security, privacy and legal aspects of data-driven decision-making The book is accompanied by an Instructor’s Manual, PowerPoint slides and access to journal articles. Suitable for management students studying business analytics and decision-making at undergraduate, postgraduate and MBA levels.
Judgment Studies
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Author : Robert Rosenthal
language : en
Publisher: Cambridge University Press
Release Date : 1987-05-29
Judgment Studies written by Robert Rosenthal and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-05-29 with Psychology categories.
This book constitutes a unique resource for advanced students and researchers in the behavioral and social sciences.
Predictive Analytics For Dummies
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Author : Anasse Bari
language : en
Publisher: John Wiley & Sons
Release Date : 2014-03-06
Predictive Analytics For Dummies written by Anasse Bari and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-06 with Business & Economics categories.
Combine business sense, statistics, and computers in a new and intuitive way, thanks to Big Data Predictive analytics is a branch of data mining that helps predict probabilities and trends. Predictive Analytics For Dummies explores the power of predictive analytics and how you can use it to make valuable predictions for your business, or in fields such as advertising, fraud detection, politics, and others. This practical book does not bog you down with loads of mathematical or scientific theory, but instead helps you quickly see how to use the right algorithms and tools to collect and analyze data and apply it to make predictions. Topics include using structured and unstructured data, building models, creating a predictive analysis roadmap, setting realistic goals, budgeting, and much more. Shows readers how to use Big Data and data mining to discover patterns and make predictions for tech-savvy businesses Helps readers see how to shepherd predictive analytics projects through their companies Explains just enough of the science and math, but also focuses on practical issues such as protecting project budgets, making good presentations, and more Covers nuts-and-bolts topics including predictive analytics basics, using structured and unstructured data, data mining, and algorithms and techniques for analyzing data Also covers clustering, association, and statistical models; creating a predictive analytics roadmap; and applying predictions to the web, marketing, finance, health care, and elsewhere Propose, produce, and protect predictive analytics projects through your company with Predictive Analytics For Dummies.
Judgment Analysis Tool For Decision Makers
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Author : Samuel R. Houston
language : en
Publisher:
Release Date : 1974
Judgment Analysis Tool For Decision Makers written by Samuel R. Houston and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974 with Decision making categories.
Predictive Analytics Data Mining And Big Data
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Author : S. Finlay
language : en
Publisher: Springer
Release Date : 2014-07-01
Predictive Analytics Data Mining And Big Data written by S. Finlay and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-01 with Business & Economics categories.
This in-depth guide provides managers with a solid understanding of data and data trends, the opportunities that it can offer to businesses, and the dangers of these technologies. Written in an accessible style, Steven Finlay provides a contextual roadmap for developing solutions that deliver benefits to organizations.