No guarantee that the story is true. I used to do a particular type of modeling to help find potential oil fields. One thing I would do is deliver both an optimistic model and a pessimistic model, both of which would fit all the available data. Then it was management's problem.
“Data mining” as a concept has luckily faded away from general usage now due to how ineffective it was." - is this actually true? I am a beginner, just took a few courses here and there, I have thought (for 1-2 years I've been learning) that 'data mining' is HOT!
No guarantee that the story is true. I used to do a particular type of modeling to help find potential oil fields. One thing I would do is deliver both an optimistic model and a pessimistic model, both of which would fit all the available data. Then it was management's problem.
Step 1 is super important.
“Data mining” as a concept has luckily faded away from general usage now due to how ineffective it was." - is this actually true? I am a beginner, just took a few courses here and there, I have thought (for 1-2 years I've been learning) that 'data mining' is HOT!