Estimating the probability of a fatal injury occurring during bike commuting to work in New York.
Read it!"What do R2, laboratory error analysis, ensemble learning, meta-analysis, and financial portfolio risk all have in common? The answer is that they all depend on a fundamental principle of statistics that is not as widely known as it should be. Once this principle is understood, a lot of stuff starts to make more sense."
Read it!Unless you are training a model with thousands of parameters, big data should not be seen as a source of value, but rather as a source of cost.
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