Word of the Week – Entity Extraction

In Natural Language Processing (our course on the subject starts Jan 15), entity extraction is the process of labeling chunks of text as entities (e.g. people or organizations).  Consider this phrase from the blog on close elections linked above:   “the tie was not between Jefferson…

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Gangs and Covid

Dr. Carlos Carcach is Professor & Director of the Center for Public Policy at the Escuela Superior de Economía y Negocios (ESEN) in Santa Tecla, El Salvador, and coordinator of ESEN's post-graduate program in predictive analytics, which offers online instruction in partnership with Statistics.com, using…

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Unemployment Insurance Fraud – Catching the Crooks

The worldwide Covid recession has led to a dramatic increase in unemployment and, hence, Unemployment Insurance (UI) claims. The figure below, from the U.S. Dept. of Labor (via https://www.npr.org/2020/03/26/821580191/unemployment-claims-expected-to-shatter-records), shows new claims on a weekly basis. Compare the March Covid-related peak on the right to…

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Sira-Kvina Hydro Power –The Case of the Faulty Generator

Prepared by Peter Bruce, Mark Smith and Ramon Perez, this case study was originally published at elderresearch.com.   In early 2020, Sira-Kvina Kraftselskap, a large producer of hydroelectric power in Norway, suffered a breakdownof one of its major generators. Company technicians went through established diagnostics…

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Three Myths in Data Science

Myth 1:  It’s All About Prediction “Who cares whether we understand the model - as long as it predicts well!” This was one of the seeming benefits of the era of big data and predictive modeling, and it set data science apart from traditional statistics.  …

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Statistics in Agriculture: Encycloweedia

Weeds are big business - the global herbicide market is over $35 billion annually. Weeds are also big government (think "invasive species"). California's listing of weeds is called Encycloweedia, and the state publishes a quarterly newsletter called Noxious Times. Colorado publishes a similar periodical, Invader.…

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Quotes about Data Science

“The goal is to turn data into information, and information into insight.” – Carly Fiorina, former CEO, Hewlett-Packard Co. Speech given at Oracle OpenWorld “Data is the new science. Big data holds the answers.” – Pat Gelsinger, CEO, EMC, Big Bets on Big Data, Forbes“Hiding within those…

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