(First published by datascience.com) Data science, machine learning (ML) and artificial intelligence (AI) are relatively new endeavors for enterprise-level business. Many companies are batch training as well as batch scoring ML models. Predictions are stored in a database to be retrieved either by applications or humans. However, real-time training on…
Travel Industry Must Outgrow Its Past to Thrive in an AI World
The airline industry was at the forefront of many of the significant innovations of the last century. Besides for all the advances related directly to aviation, airlines were also pioneering in developing computer systems that could be accessed around the globe to book and reserve airline tickets. Airlines also established…
AI and Travel Distribution
We live in a world of platforms. Facebook, Airbnb, Uber and Twitter are all platforms. In essence platforms are intermediaries. They are the modern-day equivalent of middlemen who facilitate transactions or communication between two entities. To understand how middlemen evolved into platforms and how platforms thrive in the 21st century…
Function in R for Word and Line Count Table
Here I present a new function I created to find the count of lines and words in a text document and return them in the form of a table. It uses the wc “qdap” package in R as well as base R functions sum, nrow, as.numeric, as.data.frame and cbind. The Problem:…
Goodness of Fit Measures Table APA for Factor Analysis
This post is for social science researchers and research psychologists who are doing factor analysis and want to create tables with fit measures in R. If you do not fit that very narrow audience you might not find this post interesting. The Problem: How to take the fit measures of…
Polls, Margin of Errors and Standard Deviations
See My App that Explains Standard Deviations Intuitively Here This coming week there are big primaries with lot of delegates up for grabs in New York. It seems from the polls that the both Trump and Clinton are ahead. How reliable are those polls? There are many ways to answer…
How Politicians Lie to You With Statistics
See shiny app here [dropcap]W[/dropcap]e are in the midst of an intense election season here in the United States and it seems that some politicians will say anything in order to get votes. This should come as no surprise. As my father used to tell me the one most important…
Why I love Las Vegas: The Law of Large Numbers
(View the app I created that illustrates the Law of Large Numbers either before or after reading this article here) Las Vegas is caters to people’s vices of all kinds. Sheindy and I love visiting Sin City although we do not gamble, drink or partake in any of the other…
We (and our investments) Regress to Mediocrity
(Here is an interactive app I created to help you understand the ideas expressed in this post. Take a look either before or after reading the post. We all have days where we are much more productive than usual. At such times we feel good about ourselves and think that…
The Normal Distribution – Explained Intuitively
Of all the people that you know how many of them are truly extraordinary in any domain? How many world-class dancers do you know? How of the people in the Forbes list of richest people do you personally know? Unless you are a professional dancer or are extremely wealthy, I…