You’ve likely heard the news that the Google DeepMind “AlphaGo” computer not only beat a human expert at the game of Go, defeating the European Go champion, Fan Hui in five straight games, but also beat the reigning world champion grandmaster, South Korea’s Lee Sedol, 4 games to 1. Go
My previous blog post shows how to use PROC LOGISTIC and spline effects to predict the probability that an NBA player scores from various locations on a court. The LOGISTIC procedure fits parametric models, which means that the procedure estimates parameters for every explanatory effect in the model. Spline bases
Modeling risk to meet regulatory requirements is costly and complex. Because of that, some have suggested that financial services institutions (FSIs) move toward a set of standardized models. The argument is that central banks and regulatory authorities could then more easily monitor systemic risk and compare apples to apples. But
