Conformity bias is the tendency to change one’s beliefs or behavior to fit in with others. Instead of using their own judgment, individuals often take cues from the group they are with, belong to, or seek to belong to about what is right or appropriate. They then adapt their own ...
Bias: If a generative AI model is trained on biased data, ranging from gaps in perspectives to harmful and prejudicial content, those biases will be reflected in its output. For example, if a business has historically hired only one type of employee, the model may cross reference new applican...
The Consumer Price Index, or CPI, is used to measure inflation in the economy. Here’s what you should know about this common economic indicator.
the bar is set pretty low. You need to have satisfied your customers, or at least most of them. That means meeting their expectations – nothing more. Compared to NPS where
Hindsight bias is the tendency for people to perceive past events as more predictable than they actually were. The result of a presidential election, for example, seems more obvious when the winner is announced. The same can also be said for the avid sports fan who predicted the correct outco...
What is meant by CPI bias?Question:What is meant by CPI bias?CPI (consumer price index)CPI gives a measure of the cost of living of the individuals of a nation. It is also widely used to measure inflation. CPI measures the weighted average of the P (price) of the "fixed consumer bas...
Bias and Toxicity.Outputs from generative AI will be as biased as the data it is trained on. Many popular language models today are trained on the wilds of the internet, where there is plenty of bias—along with toxic language and ideas. ...
Consumer base refers to the population of customers who buy a company's products or services. This group can also be thought of as the target market. For example, Microsoft's customer base includes businesses who use the Microsoft Office Suite, anyone using the Windows OS, or gamers who own...
In fact, there is such widespread concern that many laws and regulations have been enacted on the subject across the globe, such as the European Union’sGeneral Data Protection Regulation (GDPR). Those who want to work ethically with mined consumer data may find it helpful to seek outbusiness...
The CHS score factors in several types of consumer behavior measurements to determine how likely a customer is to leave. The term is subjective, as specific algorithms will vary among different types of products and businesses. CHS considers measures such as how long customers use a product, up...