A Bayesian and a Frequentist Walk Into A Bar
On the philosophical basis of statistical misuse
On the philosophical basis of statistical misuse
Emerging over the past century, the theory of strategic games has found increasing relevance across the fields of economics, political science, biology, psychology, computer science, operations research and decision analytics. This article provides a brief summary of the main concepts of game theory within their historical context. Using this foundation, we then explore game theory’s most relevant applications and their implications within the fields of data science and decision analytics.
Examining these terms and strengthening their distinctions helps to standardize a common lexicon across domains. This lexicon is an essential enabler of the growing discourse, research, discovery and application of data analysis techniques for solving real-world problems.
This concept model recommends a systems-level, top-down approach to #defense #supplychain management, which supports a holistic view of the joint services as an integrated #logistics chain.
Enabled by BI, data might now not only be called efficiently, but also combined effectively across systems to produce new innovative advantage. However, quality analytics depends upon quality data and a framework of data governance.
For the global enterprise, #informationsecurity is not only a concern, it must also be a promise.