If you are an analyst or an analytical leader, how do you practice data-driven decision making? One low-cost way is to use prediction markets. They give you a concrete target and a natural feedback mechanism when the market resolves. This tutorial explores that process. There is an open prediction market on polymarket.com based on July … [Read more…]
Good product owners deeply understand their users. Great product owners also understand non-adopters, too. This group has secrets for the product owner that often stay concealed because POs are too fixed on active users. This is not strictly true, but Eric Weber describes the idea concisely:“Talk to the non-adopters. I *love* when people tell me … [Read more…]
Last year, 2021, was a shake-up for US labor markets (to say the least). One of the most prominent metrics from the BLS was the number of people quitting and switching jobs (i.e. the Great Resignation). One way to think about it is that in September 2021, ~25% more workers quit their job than in … [Read more…]
Historically, many people determined their geographic location based on job proximity. Personally, in the past 10 years my wife and I moved from San Francisco to New Jersey to Boston and to Minneapolis in pursuit of new job opportunities. While many jobs will remain locale-based, many will not. In his new book Masters of Scale, … [Read more…]
Better visibility to performance of the major components of the US supply chain might help companies plan better.
I run prediction markets within Target. In order to estimate how surprised I should be by streaks of correct predictions by individuals, I use toy simulations.
A common challenge with control charts: how much history should you use to create the limits? Change point detection can help and I use the Cass Freight Index to demonstrate.
What comes first, the story or the data? I’ve been exploring that delicate balance with change-point algorithms and a chart from Piketty’s Capital in the 21st Century. #dataanalytics
Coaching can be #data driven too, we just need to think about it in the right way.
