5 Questions
What is the motivation behind Oren Etzioni's mission in the Farecast Story?
Oren Etzioni's motivation was to help people determine whether the price they see when looking for a ticket is good or not, by predicting whether the price will go up or down.
What are the properties of Big Data mentioned in the text?
The properties of Big Data include volume, variety, velocity, veracity, and value. These properties represent the challenges and opportunities in processing and analyzing large and complex datasets.
How did Oren Etzioni's experience during his flight influence his mission regarding ticket pricing?
Oren Etzioni's experience during his flight, where he found out that others paid considerably less for their tickets despite buying later, influenced his mission to help people know whether the price they see when looking for a ticket is good or not, by predicting whether the price will go up or down.
Explain the goal of Oren Etzioni's mission in the Farecast Story regarding airline ticket pricing.
The goal of Oren Etzioni's mission was not to determine the algorithm by which the airline companies determine the price of a ticket, but to predict whether the price will go up or down, in order to help people make informed decisions about ticket purchases.
What is Data Science and Big Data Analysis, as mentioned in the text?
Data Science and Big Data Analysis involve the study and analysis of large and complex datasets, aiming to extract valuable insights and knowledge from the data. It encompasses various techniques and tools for processing, analyzing, and interpreting big data to make informed decisions.
Study Notes
Motivation and Goal
- Oren Etzioni's mission was motivated by the frustration of experiencing fluctuating airline ticket prices during his flight.
- The goal of his mission was to develop a system that could predict airline ticket prices, helping consumers make informed decisions.
Properties of Big Data
- Big Data is characterized by its high volume, variety, and velocity.
- It involves large amounts of data that are difficult to process and analyze using traditional methods.
Oren Etzioni's Experience
- Oren Etzioni's experience during his flight was marked by rapidly changing ticket prices, leading to a sense of unfairness and a desire to create a more transparent system.
Data Science and Big Data Analysis
- Data Science is the process of extracting insights and knowledge from structured and unstructured data.
- Big Data Analysis involves using various techniques and tools to extract valuable information from large datasets.
- The combination of Data Science and Big Data Analysis enabled Oren Etzioni to develop a predictive system for airline ticket prices.
Test your knowledge of Big Data Analysis with this quiz! Explore motivating examples, learn about the properties of Big Data, and understand how it is changing our way of thinking. Perfect for anyone interested in data science and the impact of Big Data.
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