Analytics Magazine Analytics Magazine, July/August 2014 | Page 85

a standard parking garage, which has a flat $2 per hour fee which can be validated by the two “anchor” stores, making it essentially free for most patrons as well. While this is light and exploratory, there is serious work going on with parking problems [1]. In the sterile world of figures and mathematics, this sounds like a reasonable way to run a parking lot, and patrons who miss the upstairs free parking will simply renege and take the lower level free parking. In reality, people “mob” the upstairs portion in search of “free parking.” My assistant and I had observed this behavior over a number of weeks, and we were interested in learning about the time parked cars spent in the lot, with an eye for simple metrics such as expected wait time for a parking spot or the expected number of cars “trolling” for a slot. This interest became action (the key for any analysis), and we chose 6:30 p.m. on a Thursday evening – a time that we knew the parking lot would be full – to collect data BECOME A CERTIFED ANALYTICS PROFESSIONAL DON’T BE LEFT BEHIND. www.informs.org/Build-Your-Career/Analytics-Certification BENEFITS OF CERTIFICATION • Advances your career potential by setting you apart from the competition • Drives personal satisfaction of accomplishing a key career milestone • Helps improve your overall job performance by stressing continuing professional development • Recognizes that you have invested in your analytics career by pursuing this rigorous credential • Boosts your salary potential by being viewed as experienced analytics professional • Shows competence in the principles and practices of analytics APPLICATIONS • Prepare to apply by reviewing Candidate Handbook & Study Guide Draft • Arrange now to secure academic transcript and confirmation of “soft skills” to send to INFORMS COMPUTER-BASED TESTING It is now more convenient than ever to schedule your CAP exam in more than 700 Kryterion test centers in more than 100+ countries. To find the location closest to you, check this site: www.kryteriononline.com/host_locations/ DOMAINS OF ANALYTICS PRACTICE Domain Description Weight* Business Problem (Question) Framing 15% I Analytics Problem Framing II 17% III Data 22% Methodology (Approach) Selection IV 15% Model Building V 16% VI Deployment 9% Life Cycle Management VII 6% *Percentage of questions in exam QUESTIONS? [email protected] A NA L Y T I C S J U LY / A U G U S T 2 014 100% | 85