Forbes contributors publish independent expert analyses and insights. David Henkin helps organizations and individuals innovate and grow. Predictive analytics has evolved from a niche discipline into ...

Machine learning models can drive business operations to great benefit. But, to get there, stakeholders must determine how model probabilities trigger actions. The number crunching can't determine it ...

Imprecise probabilities offer a rigorous framework to characterise uncertainty when precise numerical probabilities are either unavailable or unwarranted. This concept expands traditional probability ...