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Using Tea bags does not transform us in tea master
A little knowledge is a dangerous thing, and sometimes can be misinterpreted or masqueraded as expertise. We can put the kettle on and use a tea bag – it does not mean we have become tea experts. We can put a coffee capsule in the machine, and it does not mean we have become baristas.…
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Regression – a very optimisation problem: let’s reduce the residues
Apparently, the noun regression means “A return to a less developed state”. In statistics, it means a “A a measure of the relation between the mean value of one variable (e.g. output) and corresponding values of other variables (e.g. time and cost)“. Basically we are trying to find a relationship or a pattern within some…
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From Debt to Dividend: Harnessing Data Exhaust for Strategic Advantage
Data is far from being a plain subjects. Aeroplanes, airport, airlines captures a lot of data that support its operations. Analytical use of the data through Analysis & Intelligence & AI inform decision makers and the public about noise and use of Heathrow Airspace. However, massive amounts of unintentional, background data generated by digital activities…