Höcük, Seyit; Kumar, Pradeep; Mulder, Joris; Prüfer, … - 2021
Economies of scale in data aggregation is a widely accepted concept. It refers to improved prediction accuracy when the … number of observations on variables in a dataset increases. By contrast, economies of scope in data is more ambiguous. The … classic economic interpretation refers to cost savings in the re-use of data for other purposes. Here, we introduce another …