Sr Data Scientist Interview Questions

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You're working with an oil & gas client in which they have some model that assesses equipment function/maintenance diagnostics. Given the incoming stream data is sensor data, what model would you use to predict likelihood of failure and implicitly intervention to reduce failure occurring? Say you use, multi-variate regression what are the concerns/disadvantages of employing that model? What are the key performance metrics you should consider when modelling this phenomenon? How should the equipment vendor set prices for the client to use? There should certainly be demand elasticity but is that elasticity linear or non-linear?
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Senior Data Scientist

Interviewed at Sense Corp

4.1
Jan 23, 2021

You're working with an oil & gas client in which they have some model that assesses equipment function/maintenance diagnostics. Given the incoming stream data is sensor data, what model would you use to predict likelihood of failure and implicitly intervention to reduce failure occurring? Say you use, multi-variate regression what are the concerns/disadvantages of employing that model? What are the key performance metrics you should consider when modelling this phenomenon? How should the equipment vendor set prices for the client to use? There should certainly be demand elasticity but is that elasticity linear or non-linear?

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