Category: Uncertainity
-
Understanding Model Calibration: A Gentle Introduction & Visual Exploration
Understanding Model Calibration: A Gentle Introduction & Visual Exploration How Reliable Are Your Predictions? About To be considered reliable, a model must be calibrated so that its confidence in each decision closely reflects its true outcome. In this blog post we’ll take a look at the most commonly used definition for calibration and then dive…
-
The Gamma Hurdle Distribution
The Gamma Hurdle Distribution Which Outcome Matters? Here is a common scenario : An A/B test was conducted, where a random sample of units (e.g. customers) were selected for a campaign and they received Treatment A. Another sample was selected to receive Treatment B. “A” could be a communication or offer and “B” could be…