Track: Analytics Process
Secrets of the Supermodelers: How to Build More Effective Models
Monday, April 12, 1:45-2:25pm EDT
Supermodels may get more attention. But supermodelers make a bigger difference to our world. Building effective models that lead to improved decisions is hard. It’s not just about mastering the intricacies of decision theory or stochastic optimization. It’s about understanding your clients, and helping them understand better their objectives, their options, and the implications of alternative decisions. The key is how to create and use models to co-develop a deeper and more effective shared understanding that reflects the real world that they are working in. I’ll explain some key issues and methods used by some of the most successful modelers and analysts that are too often overlooked in our training — integrating both “soft” and “hard” skills.