Customer lifetime value and the proliferation of misinformation on the internet

Suppose you work for a business that has paying customers. You want to know how much money your customers are likely to spend to inform decisions on customer acquisition and retention budgets. You’ve done a bit of research, and discovered that the figure you want to calculate is commonly called the customer lifetime value. You google the term, and end up on a page with ten results (and probably some ads)....

January 8, 2017 · Yanir Seroussi

The hardest parts of data science

Contrary to common belief, the hardest part of data science isn’t building an accurate model or obtaining good, clean data. It is much harder to define feasible problems and come up with reasonable ways of measuring solutions. This post discusses some examples of these issues and how they can be addressed. The not-so-hard parts Before discussing the hardest parts of data science, it’s worth quickly addressing the two main contenders: model fitting and data collection/cleaning....

November 23, 2015 · Yanir Seroussi