Data Intelligence, Business Analytics
I’m going to keep this tutorial light on math, because the goal is just to give a general understanding.
The idea of Monte Carlo methods is this—generate some random samples for some random variable of interest, then use these samples to compute values you’re interested in.
I know, super broad. The truth is Monte Carlo has a ton of different applications. It’s…Continue
Random Forest is a machine learning algorithm used for classification, regression, and feature selection. It's an ensemble technique, meaning it combines the output of one weaker technique in order to get a stronger result.
The weaker technique in this case is a decision tree. Decision trees work by splitting the and re-splitting the data by…Continue
Added by Alex Woods on July 4, 2015 at 8:30am — No Comments
In my last post, I have explained about MSE, today I will explain the variance & bias trade-off, Precision recall trade-off while assessing the model accuracy.
Variance refers to the amount by which the estimated output (f) would change if we estimated it (f) using a different training dataset. Since the training data is used to fit the statistical learning method, different training sets will…
Added by suresh kumar Gorakala on August 5, 2014 at 6:24am — No Comments
Statistics.com, a provider of online education in statistics and analytics, announces a partnership with CrowdANALYTIX, a predictive modeling “managed crowdsourcing” company, offering a new online course, “Applied Predictive Analytics in partnership with CrowdANALYTIX“, which will run from Oct. 11 to Nov 8, 2013.
The goal of this course is to teach users (who have basic knowledge of R programming, predictive analytics…Continue
Added by Janet Dobbins on September 11, 2013 at 10:59am — No Comments
Big Data holds a big promise. But has that promise paid out already? Or are you heading for Big Dollar Disaster? Many take inventory of their data and find out they have terabytes of data lying around. Surely something should be done with that, so here’s how we see a lot of companies going about implementing ‘something’ for their Big Data.
Added by Jos Verwoerd on November 13, 2012 at 4:04am — No Comments
The Voice is a very successful show that runs in 28 countries around the globe. The basic concept in each version is the same: Four famous singers act as coaches. They have to select a team of vocalists through an audition process. The teams compete internally through a process of competitive elimination, until one vocalist per coach enters the Finals. There, the best vocalist of the four is declared 'The…Continue
Added by Jos Verwoerd on September 26, 2012 at 6:25am — No Comments
GlobalGiving is an online marketplace that connects givers…Continue
Added by Jos Verwoerd on September 5, 2012 at 6:30am — No Comments
At BigML, we know what it takes to develop code. One of the things we love is having a sandbox - an environment to play around in, free of charge, while developing our apps. So we hurried to create a free machine learning sandbox. Today we are proud to announce: BigML’s development mode!
Here’s how it works. If you don’t have an account yet,…Continue
Added by Jos Verwoerd on July 4, 2012 at 2:53am — No Comments
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Recently at the Amsterdam Smart City Event 2012, we were inundated with a dizzying array of buzz-words and heady warnings…Continue
Added by Scott Mongeau on July 1, 2012 at 10:18am — No Comments
Added by SharkTime on August 28, 2009 at 5:30pm — No Comments