The blog about and around data science

Tag: Cross entropy
Practice
Wiki

Infor­ma­tion entropy defined as easy as pie!

What is infor­ma­tion entropy? Let’s assume that in summer we want to send our friends a telegram from Hamburg to St. Peters­burg every day about the weather condi­tions: sunny, slightly cloudy, overcast, rainy.

Expert knowledge
Technology trends

Modern pricing in the revenue manage­ment environ­ment

Tradi­tio­nally, offer prices for products or services are charged on the basis of the costs incurred, plus a target margin. Since the end of the last century, there has been a second approach to setting bid prices…

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