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:
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
ReplyDelete"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.
ReplyDeleteFascinating 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
Thanks for posting the best information and the blog is very important.Cloud Computing course in Bangalore
ReplyDeleteAmazing information i really enjoyed reading this wonderful info i have also bookmarked this blog more interesting post like this
ReplyDeletegossipmouth
flippzilla
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
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
ReplyDeleteбучении, 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.
ReplyDeleteNice 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 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 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.
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
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/
ReplyDeleteHello 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.
ReplyDeleteMuğla
ReplyDeleteSamsun
Eskişehir
Sakarya
Kars
12TAM
görüntülü show
ReplyDeleteücretlishow
M132FA
It’s an amazing post for all the web visitors; they will
ReplyDeletetake benefit from it I am sure.
Also check : cheque printing software , digital signage software .
Gratitude for sharing this magnificent and accommodating online journal. Thanks for this blog Sentencia de Divorcio Nueva York.
ReplyDeleteNueva Jersey Crímenes Sexuales.
It's important to reiterate how incredibly fantastic this post is. I'm sincerely thankful and want to express my deep appreciation for the exceptional content you've presented. G20 backs Goa Roadmap and Travel for Life . The G20 countries have expressed their support for the Goa Roadmap and Travel for Life initiative. This endorsement signifies a global commitment to sustainable and responsible tourism practices.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteWithin your blog post, you've orchestrated a symphony of profound ideas and graceful storytelling. It adeptly captures the core of human connection and the life-altering potential of simple acts of kindness. Reading it felt like taking a contemplative journey through our shared experiences, rekindling our awareness of the boundless capacity for compassion in our fast-paced world. Thank you for sharing this touching and enlightening composition.
ReplyDeleteThank you for being a guardian of enigmatic wisdom in our community. Your presence adds a layer of mystery to our discussions.
ReplyDeletefb login
Your presence is like a guiding star, lighting our path to intellectual discovery and brilliance.
ReplyDeletegmail inbox
The pandemic has truly put the fallibility of data science on display. As we grapple with ever-evolving circumstances, it's a reminder that data-driven decisions must be agile and adaptive to navigate these unprecedented times.
ReplyDelete0C99F
ReplyDeleteTunceli Şehirler Arası Nakliyat
Çankırı Parça Eşya Taşıma
Batıkent Boya Ustası
Malatya Şehirler Arası Nakliyat
Artvin Parça Eşya Taşıma
Rize Şehirler Arası Nakliyat
Mamak Parke Ustası
Coinex Güvenilir mi
Siirt Şehir İçi Nakliyat
In the wake of the novel pandemic, the fallibility of the Data Science discipline has been highlighted like never before. While data-driven models play a crucial role in guiding crucial decisions, the unprecedented nature of the pandemic has challenged the reliability of these models. In a rapidly evolving crisis, the limitations of historical data and the complexities of human behavior underscore the need for a dynamic approach to data analysis. As we navigate through these uncertain times, acknowledging the inherent fallibility of data science serves as a reminder to continuously refine our methodologies and embrace the inherent uncertainty that comes with any data-driven decision-making process. Most students are drawn to these types of articles and information, but they are unable to prepare for their exams, If you have been struggling with your exams and want assistance, students can hire online test takers - test takers online and get higher grades on their examinations by providing them with the best available resources, including quality academic services.
ReplyDeletecontract dispute
ReplyDeleteThe article explores the challenges faced by the data science discipline during the pandemic, offering a relevant and engaging topic. The introduction frames the discussion, highlighting the impact of the pandemic on data science practices. The article mentions the fallibility of data science, but provides specific examples or case studies to illustrate real-world implications. The inclusion of statistical insights or trends within the data science field during the pandemic could enhance the article's credibility and provide a broader context. The article explores the role of data scientists in addressing challenges and contributing to solutions, maintaining a thoughtful and reflective tone. The call-to-action urging readers to consider the ethical implications of data science decisions aligns with the article's goal of fostering a critical perspective. The article also explores the human element in data science, such as the influence of biases or subjective decisions. Visual elements like infographics or charts could help convey complex information and engage readers more effectively. The article maintains a balance between acknowledging the fallibility of data science and recognizing its continued relevance and importance. The article's conclusion effectively summarizes key points and reinforces the importance of critical thinking in the evolving landscape of data science.
I find myself engrossed in your post, akin to a captivating novel that keeps me turning pages of insight. Your blog has gained a dedicated reader in me.
ReplyDeletehotmail sign up
DA2FB
ReplyDeleteDüzce Evden Eve Nakliyat
Nevşehir Evden Eve Nakliyat
Btcturk Güvenilir mi
Silivri Evden Eve Nakliyat
Tunceli Evden Eve Nakliyat
Isparta Evden Eve Nakliyat
testosterone propionat for sale
deca durabolin for sale
halotestin
Reckless Driving Petersburg VA Lawyer
ReplyDeleteThe paper discusses the challenges faced by data science during the pandemic, highlighting the fallibility of existing models and methodologies. It calls for innovative approaches and emphasizes the need for more recent data to capture the dynamic nature of the pandemic. The paper also explores machine learning interpretability and proposes solutions to mitigate data science fallibility in pandemic scenarios.
divorce lawyers tysons va
ReplyDelete