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Learn from Your Analytics Failures

Harvard Business Review

In other words, the real influence and insight come from learning exactly how and why your predictions failed. In pre-Big Data days, for example, a hotel chain used some pretty sophisticated mathematics, data mining, and time series analysis to coordinate its yield management pricing and promotion efforts.

Hotels 10
article thumbnail

Learn from Your Analytics Failures

Harvard Business Review

In other words, the real influence and insight come from learning exactly how and why your predictions failed. In pre-Big Data days, for example, a hotel chain used some pretty sophisticated mathematics, data mining, and time series analysis to coordinate its yield management pricing and promotion efforts.

Hotels 8