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Error Metrics: How to Evaluate Your Forecasts

Jedox Finance

When considering the performance of any forecasting model, the prediction values it produces must be evaluated. An error metric is a way to quantify the performance of a model and provides a way for the forecaster to quantitatively compare different models 1. Where y’ is forecasted value and y is the true value.

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Girl Scouts Are Bringing mPOS To The Cookie Booth

PYMNTS

The cookies are popular enough to even inspire Thin Mint-flavored coffees from major brands like Dunkin’ – but sales often hit a stumbling block at the point of sale: Many troops only accept cash. At a booth sale, a troop sells about 400 boxes of cookies,” Harris said. The Sugar Sales Rush. Future Entrepreneurs.

Math 47
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How to Build a Remote-First Workforce Planning Model: Best Practices for Planning a Cost-Effective Hybrid Workforce

Onplan

NoMoreOffice has a 80-person team scattered around the country; 60 are already remote, and 20 work in one of three offices: a 5-person marketing team in Utah; 10-person customer service team in Arkansas; and 5 sales reps in Florida (see screenshot below). Let’s look closer at the headcount math. Current staff. Compensation expense.

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How to Build a Remote-First Workforce Planning Model: Best Practices for Planning a Cost-Effective Hybrid Workforce

Onplan

NoMoreOffice has a 80-person team scattered around the country; 60 are already remote, and 20 work in one of three offices: a 5-person marketing team in Utah; 10-person customer service team in Arkansas; and 5 sales reps in Florida (see screenshot below). Let’s look closer at the headcount math. Current staff. Compensation expense.

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Transcript: Greg Davis, CIO Vanguard

Barry Ritholtz

I did an internship in the summer at Citibank Securities in fixed income sales and trading. But the reason I went to Merrill is because they had this unique global debt rotation program that allowed you to rotate through a couple different business units in fixed income, sales and trading. And I knew I wanted to do trading.

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Transcript: Rick Rieder

Barry Ritholtz

And then somebody convinced me to go into sales and trading, and I decided to do that. You don’t know where, and you know, their forecast — RITHOLTZ: That goes back to your sense that you need the ability to surprise when necessary. RIEDER: So I mean, I’m less involved than I was on the national leadership.

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Transcript: Savita Subramanian

Barry Ritholtz

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. When all the experts and forecasts agree, something else is gonna happen. What was the career plan? That’s right.

Finance 57