Preparedness equips us with the skills and resources to tackle data science challenges, while practice hones our abilities and helps us stay at the forefront of the constantly evolving field.
Preparedness refers to being ready or equipped for a certainsituation, task or event. In the context of data science, preparedness means having the necessary skills, knowledge, and resources to tackle a data science project or problem effectively.
This includes having a good understanding of relevant programming languages, data analysis techniques, and machine learning algorithms, as well as access to powerful computing resources.
Practice, on the other hand, refers to the act of repeating a task or behavior in order to improve performance or gain proficiency. #openDOSM@StatsMalaysia
In the context of data science, practice involves working on data science projects, experimenting with different techniques, and constantly striving to improve one's skills and knowledge.
It is a key aspect of becoming a proficient data scientist, as the field is constantly evolving and new techniques and tools are being developed all the time. Practicing and constantly learning helps data scientists stay up-to-date and relevant in the field.
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The overnight policy rate (OPR) is the interest rate at which banks lend to each other, set by BNM. The OPR has an impact on the country's employment, economic growth, and inflation. It is an indicator of the overall economic health and banking system of the country.
BNM surprised the market by raising the OPR by 25 basis points to 3% on May 3, 2023. This is the first hike since November 2022 and the second one this year. "Timely to further normalise the degree of monetary accommodation" as the domestic growth prospects remain resilient
The OPR hike reflects BNM's struggle to tame inflation, which has persisted above historical averages due to elevated cost pressures and higher interest rates. Some economists have warned that the higher OPR could dampen consumer & biz confidence and affect the economic recovery
URL sharing is essential for online platforms and applications. It allows users to access specific resources on the internet, such as web pages, images, videos, files, and more. #APIs make sharing URLs even more seamless, like those offered by OpenDOSM
With URL sharing APIs, developers can provide users with a more streamlined experience, allowing them to share URLs and other data without leaving the application. This can drive more traffic to the platform and increase user engagement. #OpenData#API
A URL sharing API can improve the overall user experience, making it easier for users to quickly and easily share URLs and other data. This is especially useful for social media platforms and applications that rely heavily on user-generated content. #OpenDataAPI
Making real-time public transportation information public, free, and usable is necessary to address the inconvenience, uncertainty, and other costs associated with public transportation, and it could lead to better solutions for commuters.
Real-time public transportation data could be provided through transport agencies @MOTMalaysia, private data firms or transport corporations, or public or community initiatives funded by donations.
If affordable, reliable public transport is a public good funded by taxpayers, then public transport data should be made public and free.
Annual data alone may not be sufficient to make decisions on time-critical issues. Annual data provides a snapshot of a particular variable at a specific point in time, but it may not capture the dynamics and trends of that variable over time.
For time-critical issues, it's important to have access to more frequent data, such as monthly or even daily data. This type of data can provide a more detailed understanding of the issue and can help identify patterns and trends that may not be apparent from annual data alone.
Additionally, historical data can be useful for planning for future. By analyzing past trends and patterns, you can identify potential future scenarios and develop strategies to address them.