Dr Arindam Banerjee is a Professor of Marketing, IIM Ahmedabad and Prof. Tanushri
Banerjee is an Associate Professor,
Information Systems, School of Management, PDPU, Gandhinagar. SAGE is the proud publisher of their book “Business Analytics”. SAGE has a fast-growing list of high-quality
textbooks in Business & Management.
Apart from other prominent stakeholders,
the onus has also fallen on data scientists to provide some answer to this
overarching question. In many parts of the world, machine learning experts have
been building data-driven models to predict the proliferation and ultimate end
of the pathogen (refer attempts made by SUTD[1],
IHME[2]).
Past data on the growth of the infection in various countries has been used to
build mathematical / ANN models that provide insights about how the pathogen
may multiply further, slow down and, eventually die in the future.
Surprisingly, the model predicted “end
dates” for the viral infection in many countries have been revised repeatedly
to a later time period in the year. It certainly leaves many of us wondering
the value of such prediction, if it changes so often. If there is an
example where reliable prediction of the event (or the end of the event) is critical,
this current epidemic situation would stand out to be on top of the list.
While our intention is not to put down a
well-intentioned and relevant attempts to unearth the progression of this new
virus, it would be worth pondering over the reasons why these elegant data
models failed. The problem is not with the science involved, but more to do
with the data used for applying the models. This is perhaps best summarized by
a quote from the famous business tycoon, Ross Perot – “Market data-driven
decision making is like driving a car looking at the rearview mirror”.
How then can one build some sense of the
future when historical data is not as useful, as our current #Covid-19 challenge
indicates? The right approach lies in the sensible inclusion in our analysis of
contextual parameters that drive virus growth. Relevant “on the ground”
parameters such as, the degree to which lockdown measures are being complied
with, physical limitations of avoiding social distancing like, the density of
population in various habitations, sanitary conditions of housing localities,
usage of public amenities like toilets rather than availability of private
facilities and, other elements that significantly influence the infection
transmission rates are important considerations. Not all of these dimensions
may have remained as they were in the past and hence, it is hard to tell that
the data in the past is a true reflection of what lies ahead.
A robust approach to build a confident
assessment of the future would be to compare the output of the data-driven
model with a qualitative input from the expert on the ground and, to make
necessary adjustments to the final forecast.
The advent of sophisticated techniques like data science methodology assists in mining data of multiple formats and across numerous sources very efficiently Such methodology should act as a good additional input (insight) to traditional triangulation approaches to forecasting rather than be regarded as a substitute for the robust age-old practice. In this regard, George Box’s quote, “All models are wrong, but some are useful” couldn’t be more appropriate. However, the usefulness of models, data-driven or otherwise, could be further enhanced if their outputs were juxtaposed against each other to see if they all imply the same about the future.
[1] Singapore University of Technology and Design
[2] Institute of Health Metrics and Evaluation
Read the SAGE textbook Business Analytics: Text and Cases by Dr Arindam Banerjee and Prof. Tanushri Banerjee
Follow us on:
I feel really happy to have seen your web page and look forward to so many more entertaining times reading here. Thanks once more for all the details.
ReplyDeleteData Science Training in Hyderabad | Data Science Course in Hyderabad
Really nice. I was looking for this kind of Data Science and Business Analytics information and enjoyed reading this one. Keep posting. Thanks for sharing.Learn best Business Analytics Course in Hyderabad
ReplyDeleteThis site is astounding data and realities it's truly fantastic
ReplyDeletedata science courses in malaysia
A good blog always comes-up with new and exciting information and while reading I have feel that this blog is really have all those quality that qualify a blog to be a one.
ReplyDeletedata science course in hyderabad
Very great post. I just discovered your blog and needed to state that I have truly appreciated perusing your blog entries. Any way I'll be buying in to your feed and I trust you post again soon.
ReplyDeletedata scientist training hyderabad
Nice blog, Keep posting
ReplyDeleteData Science Course in Bangalore
Thanks for sharing this wonderful and helpful blog. Carry on. Keep it up. otherwise anyone wants to learn MIS course so contact here- +91-9311002620 or visit website- https://www.htsindia.com/Courses/business-analytics/mis-training-instiute-in-delhi
ReplyDeleteAmazing blog! We are happy to see you this kinds of trusted comments. We appreciate you to posting valuable blogs for looking candidates otherwise if candidates want to achieve a goal in tally core to advance contact us on -+91-9311002620 Or Visit Website - https://www.htsindia.com/Courses/tally/tally-training-course
ReplyDeleteArticle was great & filled with lot of valuable information, there are some interesting tips and tricks on it which gives additional value to this post.
ReplyDeletebest data science courses in chennai
Great Blog! I got too much information from this Blog. Thanks for sharing such a helpful Blog. otherwise anyone wants to learn C++ training course so contact here- +91-9311002620 or visit website- https://www.htsindia.com/Courses/modular-courses/c-plus-plus-training-course
ReplyDeleteInteresting Blog. It is really very helpful post. keep it up keep blogging. otherwise anyone wants to learn java Training course so, contact here- +91-9311002620 or visit website- https://www.htsindia.com/java-training-courses
ReplyDeleteIt is very good post! I think you can start instagram blog about it. If you need followers for your profile go here https://soclikes.com/ and buy it
ReplyDeleteDuring covid I prefer to sit at home and post on twitter. From this site https://viplikes.in I often buy twitter likes and followers
ReplyDeleteIf you are going to make a video about that for tiktok profile first read this article https://trotons.com/purchasing-views-for-tiktok/. After that you can get tiktok views for your video anytime
ReplyDeleteInformative blog
ReplyDeletedata scientist course in Bangalore
"Very Nice Blog!!!
ReplyDeletePlease have a look about "
data science course malaysia
This Blog is very useful and informative.
ReplyDeletemachine learning training in aurangabad
Thanks for Sharing This Article.It is very so much valuable content. I hope these Commenting lists will help to my website
ReplyDeletemachine learning training in aurangabad
This comment has been removed by the author.
ReplyDeleteThis is a very nice one and gives in-depth information. I am really happy with the quality and presentation of the article.
ReplyDelete100% Job Guarantee training In Ahmedabad
Your content is very unique and understandable useful for the readers keep update more article like this.
ReplyDeletedata science course aurangabad
This comment has been removed by the author.
ReplyDeleteA good blog always contains new and exciting information and as I read it I felt that this blog really has all of these qualities that make a blog.
ReplyDeleteMachine Learning Course in Delhi
Fascinating post. I Have Been considering about this issue, so thankful for posting. Totally cool post.It 's very generally very Useful post.Thanks
ReplyDeletebest data science course in pune
I wanted to leave a little comment to support you and wish you the best of luck. We wish you the best of luck in all of your blogging endeavors.
ReplyDeleteData Science Course in Delhi
Really impressed! Everything is a very open and very clear clarification of the issues. It contains true facts. Your website is very valuable. Thanks for sharing.
ReplyDeleteMachine Learning Course in Delhi
You are so interesting! I do not suppose I’ve read through anything like this before. So good to discover another person with a few genuine thoughts on this topic. Seriously. thank you for starting this up.
ReplyDeleteData Science Course in Delhi
Thanks for posting the best information and the blog is very important.Cloud Computing course in Bangalore
ReplyDeleteI was browsing the internet for information and found your blog. I am impressed with the information you have on this blog.
ReplyDeleteArtificial Intelligence Course in Delhi
Amazing information i really enjoyed reading this wonderful info i have also bookmarked this blog more interesting post like this
ReplyDeletegossipmouth
flippzilla
Excellent work done by you once again here. This is just the reason why I’ve always liked your work. You have amazing writing skills and you display them in every article. Keep it going!
ReplyDeletedata scientist training and placement in hyderabad
Very good message. I stumbled across your blog and wanted to say that I really enjoyed reading your articles. Anyway, I will subscribe to your feed and hope you post again soon.
ReplyDeleteArtificial Intelligence Course in Delhi
Nice Blog. Thanks for sharing with us. Such amazing information.
ReplyDeleteHow to reap the lucrative benefits from online marketing
I was browsing the internet for information and found your blog. I am impressed with the information you have on this blog.
ReplyDeleteMLOps Training
great and nice article lots of information to read...great person keep posting and keep updating guys..thanks to get an approved e-visa electronically linked to your passport via a simple online application form Eligible travelers for Turkey Visa online can apply
ReplyDeleteThis is really very nice post you shared, i like the post, thanks for sharing..
ReplyDeletedata scientist certification malaysia
I was just examining through the web looking for certain information and ran over your blog.It shows how well you understand this subject.
ReplyDeleteservicenow training and placement in hyderabad
Such a great blog site: There's magic in your words. Whenever you write a blog, you grab the attention of your audience. Your efforts should be appreciated. Eligible citizens can fill the online visa application form Turkey to enter the country.
ReplyDeleteThis article is probably where I got the most useful information for my research. Thanks for posting, we can find out more about this. Do you know of any other websites on this topic?
ReplyDeleteIoT Course
Hi, Actually I read it yesterday but I had some ideas about it and today I wanted to read it again because it is so well written.
ReplyDeleteIoT Training
The information you provided is very useful, thank you very much for sharing useful information with us. You can apply for an online Turkey visa usa - If you are Planning a Trip to Turkey for business, tourism purpose.
ReplyDeleteGood Article. Thank you for sharing! Really an awesome post for learn everyone.
ReplyDeleteServicenow Training In Bangalore
That's great, you may also like to check these post as well:
ReplyDeleteClick here
Click here
Download the PDF
Download now
Check now
Visit here
Good Post! it was so good to read and useful to improve my knowledge as an updated one, keep blogging.
ReplyDeleteServiceNow Training in Chennai
Great post i must say and thanks for the information.
ReplyDeleteServiceNow Training in Chennai
i am glad to discover this page : i have to thank you for the time i spent on this especially great reading !! i really liked each part and also bookmarked you for new information on your site.
ReplyDeletedata scientist course in patna
I just found this blog and have high hopes for it to continue. Keep up the great work, its hard to find good ones. I have added to my favorites. Thank You.
ReplyDeletedata science course in hyderabad
This comment has been removed by the author.
ReplyDeleteThat's a great article! The neatly organized content is good to see. Can I quote a blog and write it on my blog? My blog has a variety of communities including these articles. Would you like to visit me later? keo nhacai
ReplyDeleteThis is a wonderful inspiring article. I am practically satisfied with your great work. You have really put together extremely helpful data. Keep it up ..Continue this... kenya visa for US citizens, The process of e-Visa application is very simple and straightforward. Applicant can complete the process within 5-10 minutes from anywhere in the world.
ReplyDeleteA splendid job! Thank you for blog. you write very nice articles, I visit your website for regular updates.
ReplyDeleteservicenow training in hyderabad
бучении, но и на вовлечении вас в каждый аспект обучения. С нами вы получаете возможность внедрять инновации в проекты, работать над тематическими исследованиями, получать качественные отраслевые знания, профессиональные перспективы и быть готовыми к работе.
ReplyDeleteExellent your post. i reaching daily on your blogs. thanks for sharing this informative information.
ReplyDeleteBuy YouTube Views
Buy YouTube Subscribers
Buy YouTube Live Stream Views
Buy Facebook Live Views
Buy Instagram Reels Views
Buy Instagram Live Views
Buy Instagram Followers
Buy Facebook Views
Buy 500 YouTube Views
Nice post. I love to keep up the good work. Air India self declaration form can be completed from home online via India e visa portal.
ReplyDeleteThanks for such a great post and the review, I am totally impressed! Keep stuff like this coming.
ReplyDeletedata scientist certification malaysia
Thanks for sharing the post. It is really good which provides enough information to find out about the given topic. Good luck. Azerbaijan Visa for Mexico citizens, Mexico citizens are eligible to obtain a Visa to travel to the Republic of Azerbaijan. Apply for the Azerbaijan visa online.
ReplyDeleteI finally found great post here.I will get back here. I just added your blog to my bookmark sites. thanks.Quality posts is the crucial to invite the visitors to visit the web page, that's what this web page is providing.data science course in rohtak
ReplyDeleteThank you for shearing post amazing this is post very useful for me.
ReplyDeleteAdarsh Park Heights in Gunjur
Adarsh Park Heights
Adarsh Park Heights price
The Prestige Properties
Adarsh Property
Adarsh Constructions
Sumadharu Folium
SUMADHURA FOLIUM
I am another customer of this site so here I saw various articles and posts posted by this site,I curious more energy for some of them trust you will give more information further.
ReplyDeleteThank you for helping people get the information they need. Great stuff as usual. Keep up the great work!!! business analytics course in mysore
ReplyDeleteThis is a great post. I like this topic.This site has lots of advantage.I found many interesting things from this site. It helps me in many ways.Thanks for posting this again. data analytics course in mysore
ReplyDelete360DigiTMG, the top-rated organisation among the most prestigious industries around the world, is an educational destination for those looking to pursue their dreams around the globe. The company is changing careers of many people through constant improvement, 360DigiTMG provides an outstanding learning experience and distinguishes itself from the pack. 360DigiTMG is a prominent global presence by offering world-class training. Its main office is in India and subsidiaries across Malaysia, USA, East Asia, Australia, Uk, Netherlands, and the Middle East.
ReplyDeleteAwesome blog. I enjoyed reading your articles. This is truly a great read for me. I have bookmarked it and I am looking forward to reading new articles. Keep up the good work!best data science course in bhubaneswar
ReplyDeleteNice post! This is a very nice blog that I will definitively come back to more times this year! Thanks for informative post.
ReplyDeleteApply for Canada Tourist Visa
If you are also one of them and want to know what the companies demand from the data scientists to do in their organization, you have come to the right place.a href="https://360digitmg.com/india/data-science-using-python-and-r-programming-kolkata">data science course in kolkata
ReplyDeleteIn this article, I will let you know about data mining and data analysis. You need to learn these concepts because if you are working on some data-driven project, you cannot deny their importance.
ReplyDeleteAre you planning to start Data Science Training Online, then enroll with 360DigiTMG to get trained by the world-class trainers with a well-designed curriculum, LMS Access, real-time projects, and assignments that will help you in upscaling your skills to grab the highest paid job.
ReplyDeleteData Science Course in Bangalore with Placement
360DigiTMG offers the best Data Science Courses in the market with placement facilities. Get trained by expert teachers from IBM, ISB, and IIM. Enroll now!
ReplyDeleteBest Data Science Training institute in Bangalore
Learn to use analytics tools and techniques to manage and analyze large sets of data from Data Science training institutes in Bangalore. Learn to take on business challenges and solve problems by uncovering valuable insights from data. Learn from the comprehensively designed curriculum by the industry experts and work on live projects to sharpen your skills.
ReplyDeleteData Science Course in Bangalore
360DigiTMG offers you the best data science course with placements in the market. Enroll with us to enjoy a world-class curriculum, LMS access, real-time projects, assignments, and upskill your skills.
ReplyDeleteData Science in Bangalore
Are you worried for your job interview and looking for Data Science Interview Questions that will help you crack the interview and bag your dream job? Get placement assistance at 360DigiTMG and get a high paying job.
ReplyDeleteData Science Training in Delhi
I just got to this amazing site not long ago was actually captured with the piece of resources you have got here and big thumbs up for making such wonderful blog page!
ReplyDeleteData Scientist Course
Good content Thanks for sharing.. We appreciate it. India visa for US citizens are available online. US citizens can apply for an Indian visa within 5 to 10 minutes. Firstly you can read all the document requirements for Indian visa for US citizens via our website then you can apply for your Indian visa.
ReplyDeleteWhat a fantabulous post this has been. Never seen this kind of useful post. I am grateful to you and expect more posts like these. It is my pleasure to inform you that if you are planning to travel to Turkey, a Turkish evisa is the best option for getting a visa because of its easy process and reduced cost and time.
ReplyDeleteThis Blog Showing Useful Content
ReplyDeleteimages Are Good
ReplyDeleteHello guys, Many people ask, how to apply for an e visa online. You can apply for a visa online. And you can get a visa after a successful application depends on the country you have applied for. While in some cases, you can get a visa in as little as 30 minutes time, others may require a few days. In some countries, we also offer a fast-track visa option if you need it urgently. You can read more information about visas through our Visacent website.
ReplyDeleteIts as if you had a great grasp on the subject matter, but you forgot to include your readers.
ReplyDeletePerhaps you should think about this from more than one angle.
If you live in Prince Edward Island, British Columbia or Ontario then you might qualify for the land transfer tax rebate. what you need to know. Land transfer tax rebate calculator
ReplyDeleteRegistered Retirement Savings Plan (RRSP) enables first time home buyers to utilize their existing sources for down payment.Registered Retirement Savings Plan (RRSP)
ReplyDeleteFind the best Fixed mortgage rate in Guelph that work perfectly for you. We make it easy to compare rates in Guelph big banks and top brokers for free. Best mortgage rate in Guelph
ReplyDeleteThanks for posting this info. I just want to let you know that I just check out your site and I find it very interesting and informative. I can't wait to read lots of your posts.
ReplyDeletedata science training in malaysia
Thank you for sharing such a really admire your post. Your post is great! . Nissan maginte on road price in hyderabad
ReplyDeleteEvery weekend i used to pay a visit this site, as i 식스 접속주소 먹튀검증을 통한 안전한 토토 사이트 want enjoyment Please read the interesting article on my homepage
ReplyDeleteWhat a startup! This was super cool and super conducive job for the Data science and the tech business industries. The fallible data science discipline in depth focuses you revealed in this post was amazing and effective to keep in consideration. I like your analytical views and thoughts. I was so much glad to find some great information to pick up into my knowledge. I appreciate your genius demonstration and also would like to add about data science training in nagpur where learner can grab some exception knowledge on the topic.
ReplyDelete360digiTMG not only focuses on providing world-class data science online courses, but it also prepares its students to ace interviews and land secure jobs upon completion of the course. This post focuses on the efforts of 360digiTMG in helping its students land lucrative jobs, thereby motivating hundreds of data science aspirants like me.data science training certification in hyderabad
ReplyDeleteAbogado DUI Dinwiddie VAis legal professionals who experts in handling law related services in virginia,Mary land.New jersey.The most informative article i have ever read.
ReplyDeleteI am Just saying that this game is so nice and entertaining. If you are feeling bore with your free times then come at this platform free five nights at freddy's unblocked and start playing this Board game even without download or register. Thanks!
ReplyDeleteIn your article, I learned a lot of important information. Exploring UK Visa Options and Application Process is a crucial step for individuals wishing to visit, work, study, or settle in the United Kingdom. The UK offers a range of visa categories tailored to various purposes, including tourist visas, work visas, student visas, family visas, and settlement visas.
ReplyDeleteIf you're a citizen of Kiribati planning to visit India, India Visa for Kiribati Citizens. Here's the process. Use the online application system to complete the form, attach the necessary documents, and pay the fee. Wait for the processing period. Once approved, you're all set to explore India. Adequate preparation ensures a smooth online visa process.
ReplyDelete"How has the field of Data Science been impacted by the novel pandemic, considering its fallibility?" greeting : https://telkomuniversity.ac.id/icodsa-2023-data-menjadi-bahan-bakar-dalam-inovasi-teknologi/
ReplyDeleteWhat an amazing blog post I really like your content writing, Thanks for providing us this amazing article and I hope you continue to share.
ReplyDeletehotmail signup
Glass jar with lid
ReplyDeleteDecorate your kitchen and home with us!
Your blog is an excellent resource for anyone interested in learning more about the topics you cover. Thank you for sharing this information. We appreciate your efforts and hope that it is useful to others.
ReplyDeleteoutlook
Hello everyone, Turkey Visa for US Citizens, The Turkey eVisa offers convenient access for US citizens planning to explore Turkey's rich history, stunning landscapes, and vibrant culture. This electronic travel authorization streamlines the visa application process, making travel arrangements hassle-free and enjoyable.
ReplyDelete
ReplyDeleteHi! Your blog post was informative and engaging. I appreciate the valuable insights you've shared. Thank you! Applying for a Saudi Arabia tourist visa for Indian citizen is a streamlined process. With the necessary documents prepared, the entire application typically takes less than 20 minutes to complete.
Keep illuminating our digital world with your exceptional content, and thank you for your invaluable contributions. India Ganges River Holiest Journey. Embark on a spiritual odyssey along the holiest journey of India, the Ganges River. This sacred river is deeply revered by millions and holds immense cultural significance. From the ghats of Varanasi to the Himalayan source in Gangotri, it's a pilgrimage like no other. Witness ancient rituals, immerse in spirituality, and experience the mystique of the Ganges on this transformative journey.
ReplyDeleteHello everyone, For UK citizens seeking a hassle-free way to monitor their Indian passport's progress, the "Indian passport tracking UK" service offers transparency and peace of mind throughout the application and renewal process.
ReplyDeleteYour generosity in sharing your knowledge is a gift to those seeking to expand their horizons. How to Apply for Indian e Visa from USA- To apply for an Indian e-Visa from the USA, visit the our Indian e-Visa website and select the "Regular Visa Application '' option. Fill out the online application form with your personal details, passport information, and travel plans. Upload a scanned copy of your passport's bio page and a passport-size photo following the specified guidelines. Pay the applicable visa fee using a credit or debit card. After processing and approval, you will receive the e-Visa via email.
ReplyDeleteThis blog is great! It's easy to understand and has helpful information. Keep up the good work! Book your VFS Riyadh appointment effortlessly for various visa and document services. Secure your appointment and streamline your visa application process today.
ReplyDeleteIn the face of the novel pandemic, the Data Science discipline, like any other, has proven fallible. The sheer unpredictability of the situation challenged conventional models. To adapt, we've had to pivot quickly. Just like my Miami Heat varsity jacket, which keeps me warm on chilly days, we must embrace flexibility and innovation to keep our data-driven strategies resilient in these uncertain times. Stay adaptable, folks!
ReplyDeleteData analyst course in chennaiThis blog consistently provides valuable content on data analytics, making it a go-to resource for professionals in the field.
ReplyDelete