I have had a long time interest in nonlinear systems, chaos, and time series. I found The PredictorsHow a Band of Maverick Physicists Used Chaos Theory to Trade Their Way to a Fortune on Wall Street in a "bargain bin" and have found it to be quite a…
"...a form of bootstrap sampling to boost your rare event cases higher for development purposes "
Have you considered adaptive methods (e.g Gradient Boosting aka Salford System's "Tree Net")?
Hi Yi-Chun,
Yes, it's pretty much that simple, and makes that much sense. I'd say Greene's "Econometrics" is a good place to start, and if you really want a deep dive then Maddala's book. You might just search on "Heckit" or "Heckman" and "Model" t…
Yi-Chun's response is a fairly common approach (and a good description).
The problem is that it assumes that the amount of the sale is independent of the probability of responding to the advertisement.
If this assumption doesn't make sense then yo…
Thanks a lot, Mark for the great information you shared on my wall about emerging issues. I do appreciate. I'll provide some feedback as soon as possible.
Cheers,
Thanks for pointing that book by Soumen Chakrabarti "Mining the Web" good intro into Web and HTTP basics, and I am looking forward studying a little bit harder statistical techniques applied to web data.