If you need to understand the past, traditional regression techniques might be a better option. In this video, discover how to incorporate simple statistics methods into your practice
- Long before machine learning and AI … were the buzzwords of the century. … The humble discipline of statistics laid the foundation … for the work we do as data scientists. … The rise of machine learning has been made possible … by the unprecedented amount of computational resources … we have at our fingertips. … And has become the defacto approach for delivering … high predictive accuracy for big data problems. … But what if we're not … as interested in predicting the future, … as we are in explaining the past. … I recommend you familiarize yourself with some traditional … regression techniques as this is an excellent skillset … to have in your tool belt. … One benefit to over aggression is the richness … of information you get from the regression output. … This provides an R-squared value, variable coefficients, … and P-values among other things. … All of which lend themselves very well to interpretability. … In the case of a regression approach, … you can estimate the effect of an incremental increase …
This course was created by Madecraft. We are pleased to host this training in our library.