Strategy to implement MDM Do you want to learn more about MDM? Good concept, but don’t make the frequent error of immediately acquiring tools and data. First, secure your organization’s support, because data impacts every department. #1 Clean data Starting...
In “Operations Research in Practice (Part 2): Generic Problems”, we discussed the second step of OR in pratice. Once an operations researcher successfully converts the business problem into an OR generic problem, the next step is to formulate the generic problem into...
In “Operations Research in Practice (Part 1): Identifying Problems”, we discussed the first step of OR in practice. Once the problem is successfully identified and structured, an operations researcher will move forward to the second task: converting the problem into a...
Machine learning and the Artificial Intelligence era sometimes make us forget that much of the data involves human data, in this case, personal data that is sometimes considered sensitive. Therefore, many stakeholders should make sure that there is a way to ensure...
In practice, as we discussed previously in “Better Decision-Making with Operations Research”, the process of solving a problem starts from identifying business problems (the most abstract), converting it into a well-known generic OR problem, formulating its...
Let us continue our discussion! Recall the scatterplot in Part I below, now with a fitted regression line that best describes a linear relationship between budget and average rating. This is what is enabled by regression analysis. Typically, regression analysis uses a...
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