Book description
Standardizes the definition and framework of analytics
ABOK stands for Analytics Body of Knowledge. Based on the authors’ definition of analytics—which is “a process by which a team of people helps an organization make better decisions (the objective) through the analysis of data (the activity)”— this book from Institute for Operations Research and the Management Sciences (INFORMS) represents the perspectives of some of the most respected experts on analytics. The INFORMS ABOK documents the core concepts and skills with which an analytics professional should be familiar; establishes a dynamic resource that will be used by practitioners to increase their understanding of analytics; and, presents instructors with a framework for developing academic courses and programs in analytics.
The INFORMS ABOK offers in-depth insight from peer-reviewed chapters that provide readers with a better understanding of the dynamic field of analytics. Chapters cover: Introduction to Analytics; Getting Started with Analytics; The Analytics Team; The Data; Solution Methodology; Model Building; Machine Learning; Deployment and Life Cycle Management; and The Blossoming Analytics Talent Pool: An Overview of the Analytics Ecosystem.
Across industries and academia, readers with various backgrounds in analytics – from novices who are interested in learning more about the basics of analytics to experienced professionals who want a different perspective on some aspect of analytics – will benefit from reading about and implementing the concepts and methods covered by the INFORMS ABOK.
Table of contents
- Cover
- Title Page
- Copyright
- Preface
- List of Contributors
- Chapter 1: Introduction to Analytics
- Chapter 2: Getting Started with Analytics
- Chapter 3: The Analytics Team
- Chapter 4: The Data
- Chapter 5: Solution Methodologies
-
Chapter 6: Modeling
- 6.1 Introduction
- 6.2 When Are Models Appropriate
- 6.3 Types of Models
- 6.4 Models Can Also Be Characterized by Whether They Are Deterministic or Stochastic (Random)
- 6.5 Counting
- 6.6 Probability
- 6.7 Probability Perspectives and Subject Matter Experts
- 6.8 Subject Matter Experts
- 6.9 Statistics
- 6.10 Inferential Statistics
- 6.11 A Stochastic Process
- 6.12 Digital Simulation
- 6.13 Mathematical Optimization
- 6.14 Measurement Units
- 6.15 Critical Path Method
- 6.16 Portfolio Optimization Case Study Solved By a Variety of Methods
- 6.17 Game Theory
- 6.18 Decision Theory
- 6.19 Susceptible, Exposed, Infected, Recovered (SEIR) Epidemiology
- 6.20 Search Theory
- 6.21 Lanchester Models of Warfare
- 6.22 Hughes' Salvo Model of Combat
- 6.23 Single-Use Models
- 6.24 The Principle of Optimality and Dynamic Programming
- 6.25 Stack-Based Enumeration
- 6.26 Traveling Salesman Problem: Another Case Study in Alternate Solution Methods
- 6.27 Model Documentation, Management, and Performance
- 6.28 Rules for Data Use
- 6.29 Data Interpolation and Extrapolation
- 6.30 Model Verification and Validation
- 6.31 Communicate with Stakeholders
- 6.32 Software
- 6.33 Where to Go from Here
- 6.34 Acknowledgments
- References
-
Chapter 7: Machine Learning
- 7.1 Introduction
- 7.2 Supervised, Unsupervised, and Reinforcement Learning
- 7.3 Model Development, Selection, and Deployment for Supervised Learning
- 7.4 Model Fitting, Model Error, and the Bias-Variance Trade-Off
- 7.5 Predictive Performance Evaluation
- 7.6 An Overview of Supervised Learning Algorithms
- 7.7 Unsupervised Learning Algorithms
- 7.8 Conclusion
- 7.9 Acknowledgments
- References
- Chapter 8: Deployment and Life Cycle Management
- Chapter 9: The Blossoming Analytics Talent Pool: An Overview of the Analytics Ecosystem
- Appendix: Writing and Teaching Analytics with Cases
- Index
- End User License Agreement
Product information
- Title: INFORMS Analytics Body of Knowledge
- Author(s):
- Release date: October 2018
- Publisher(s): Wiley
- ISBN: 9781119483212
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