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Zero-Sum Game
ByDavis
Definition of Zero-Sum Game Zero-Sum Game: In game theory, a zero-sum game is a mathematical model of a situation in which each participant’s gain or loss of utility is exactly balanced by the losses or gains of the other participants. If the total gains from the interactions of all participants are net zero change, then…
Business Intelligence (BI)
ByDavis
Business Intelligence (BI) is the process of gathering, organizing, and analyzing data to help business leaders make better decisions. BI can include everything from analyzing sales data to tracking customer…
K-means clustering
ByDavis
Definition of K-means clustering K-means clustering: K-means clustering is a data mining algorithm used to partition a set of data points into k clusters. Data is divided into clusters based on the similarities of the points within each cluster. This algorithm is often used to segment customers into different groups for marketing purposes. How is…
Bayes’ Theorem
ByDavis
Bayes’ Theorem is a mathematical formula that calculates the likelihood that a particular event will happen, based on the conditional probability of that event occurring, given that some other event has…
G-Model
ByDavis
Definition of G-Model G-Model: The G-Model is a data science model that is used to predict future events. It can be used to predict the behavior of customers, the sales of products, or the outcome of elections. What is a G-Model used for? A G-Model is a type of supervised machine learning algorithm used to…