Publications [#383449] of David L. Banks
Papers Published
- Banks, D; Li, Y. "Industrial Statistics in the Knowledge Economy." Applied Stochastic Models in Business and Industry 41.3 (May, 2025). [doi]
(last updated on 2026/01/16)Abstract:
Industrial statistics grew up in an era when manufacturing was the primary engine of commerce. Today, the driver is information technology. This paper discusses how statisticians need to adapt to contribute to this new business model, with particular emphasis upon computational advertising, autonomous vehicles, operations management, and large language models. Remarkably, many of our old tools are still relevant, even as the new problem space poses fresh research challenges for our employment and educational systems.