Re:Introduction to Modern Statistics
by srean on Thursday October 12, 2023 @08:53AM
(#37856502)
I work in applied ML and stats. Whenever a client gets pushy about getting a prediction and would not care about quantifying the uncertainty around it, I take it as a signal to disengage and look for better pastures. It is really not worth the time, more so if you value integrity.
Competent stakeholders and decision makers use the uncertainty around predictions, the chances of an outcome that is different from the point-predicted outcome, to come to a decision and the plan includes what the course of action should be should the outcome differ from the prediction.
Competent stakeholders and decision makers use the uncertainty around predictions, the chances of an outcome that is different from the point-predicted outcome, to come to a decision and the plan includes what the course of action should be should the outcome differ from the prediction.