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How Is Fantasy Sports Like Optimizing a Business?

If you’ve ever studied basic algebra, you may recall a classic example involving a painting job: You have a professional painter who can paint more quickly (but costs more) and an amateur who paints more slowly (but costs less). You’re given constraints: maybe you have a limited budget, or you can only hire a certain…

Evaluating the potential lift of how-casting.

Introduction In our previous blog post, we discussed how to move from simple forecasting to “how-casting” by using machine learning and optimization to decide the best allocation of marketing touchpoints across multiple territories and customer groups. Now that we have both a real-world plan (the Actual allocation implemented) and an optimized plan (the Optimal or…

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