Author(s): Rahulraj Singh

Originally published on Towards AI.

Merging statistics, linear algebra, and data science for optimal decision making

Photo by Constantin on Unsplash

Imagine working for an oil company in the Middle East. A large part of the region’s economy is based on the rigging your organization does and consequently, that is based on whether or not you find oil when you dig a new site. Digging up a new site, and setting up equipment for oil extraction is very costly, so you do not want to be wrong in choosing the site, especially since the company has a limited budget allocated to researching and finding new sites. How do you decide where to dig? How do you finalize… Read the full blog for free on Medium.

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Published via Towards AI