Jim answers questions from fellow Drillers

(More questions with answers here , Work Overview here , Index of concepts here )

Topic Overview

Hi again folks, Jim Novo here.

Metrics are not usually also Models ; the metrics have to be fine-tuned / combined and built up into models. And executing this process usually depends alot on what type of business is being analyzed, and what kind of problem is targeted for a solution. So while it’s pretty simple to define a metric, creating a version of the metric that specifically addresses the challenge at hand can be a bit more difficult. Not hard, mind you; it mostly just takes a decent understanding of how the business works. Want some examples? Read on, O Fellow Driller …

Q: Is Latency, as a metric, out of the question when the spread of the number of days in a latency period is so wide that to average them out and call the resultant figure “Acceptable days to date of predicted purchase” would seem meaningless?…