We have often seen companies having a better handle on store returns, but struggle with respect to online returns. For one of our clients, while store returns remained flat at 4-5%, online returns hovered around 30-35%, going even as high as 40%. As one of the ways to address this, we developed an algorithm toContinue reading “Predict the online return propensity using pattern recognition algorithms”
Category Archives: Uncategorized
The difference between accuracy and precision.
Conversationally, the terms “accuracy” and “precision” are often used interchangeably. Scientifically speaking, however, the terms refer to markedly different conceptual measures. “Accuracy” refers to the proximity of an estimate to the actual value, while “precision” refers to the closeness of individual estimates to each other. For example, throwing darts close to the bullseye would beContinue reading “The difference between accuracy and precision.”
My First Blog Post
Be yourself; Everyone else is already taken. — Oscar Wilde. This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates.
Introduce Yourself (Example Post)
This is an example post, originally published as part of Blogging University. Enroll in one of our ten programs, and start your blog right. You’re going to publish a post today. Don’t worry about how your blog looks. Don’t worry if you haven’t given it a name yet, or you’re feeling overwhelmed. Just click theContinue reading “Introduce Yourself (Example Post)”