Model Compexity vs Management

A long time subscriber asked how do you balance model complexity with time constraints and the need of the business. This is a hard question to answer because it depends on the situation. But the short answer, build models and tools that are fast to build and meet 70% or more of the business' needs.

Often the business wants a perfect solution but doesn't realize the time it will take to meet all the requirements. Ask about deadlines, accuracy, stability, and urgency.

Waves, Quantum Theory, and Retail Credit
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5363683

Видео Model Compexity vs Management канала Dimitri Bianco