From Prediction to Decisions: Why ML Needs a Threshold
Data Science: The Hard Parts by Daniel Vaughan (ISBN 978-1-098-14647-4)
← Previous: Storytelling in Machine Learning | Next: Incrementality and Causal Inference
Data Science: The Hard Parts by Daniel Vaughan (ISBN 978-1-098-14647-4)
← Previous: Storytelling in Machine Learning | Next: Incrementality and Causal Inference
This is Part 2 of 2 for Chapter 10. In Part 1 we covered how to pick the right model and looked at regression. Now we get into the rest: time series, classification, clustering, and association analysis.
If you’re looking for the heavyweight champion of classification models, you’ve probably heard of Support Vector Machines (SVM). In Chapter 12 of Data Analytics for Finance Using Python, we see why this model is a favorite for high-precision tasks.
We’ve talked about random forests, but sometimes it’s better to look at the individual trees. In Chapter 6 of Data Analytics for Finance Using Python, we dive into the Decision Tree Classifier.
If you’re looking for a machine learning model that’s fast, efficient, and actually outshines more complex models in some cases, you need to look at Gaussian Naive Bayes (GNB).
In Chapter 3 of Data Analytics for Finance Using Python, we move from predicting exact prices to making a much simpler, but arguably more important, decision: Should I buy or sell?