In his EconTalk podcast, Hal Varian, Chief Economist with Google speaks about Search amongst other things. ..search is about two things. Precision and Recall. He then defines precision as “off the number of documents retrieved by a search result, how many are relevant” and recall as “off all the relevant results, how many were...
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Source: WikipediaEvan Williams, founder of Twitter has an interesting take on the parameters one should keep in mind while evaluating a new product idea.Here are key parameters that Evan draws: Tractability How difficult will it be to launch a worthwhile version 1.0? More than the technical feasibility, what about timing ? competition? How advanced are the...
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