Prediction

Probabilistic Predictions

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In data science, the traditional approach to dealing with prediction error reminds me of the iceberg metaphor. Our models cannot predict the future perfectly, so we optimize them to push the…

Estimation, Prediction and Forecasting

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Estimation implies finding the optimal parameter using historical data whereas prediction uses the data to compute the random value of the unseen data. Estimation is the process of optimizing the…

A Theory of Prediction

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The Signal and the Noise is probably the most informative non-technical book about the art of predicting ever written. It outlines what is best described as Nate Silver’s “Theory of Prediction”…

From prediction to decision making

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Prediction (correlation) does not imply causation, and it is not sufficient to correctly inform decision and policy makers.

Python Predicts PUBG Mobile

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It is impossible to predict the Future! ( Unless you have a time stone -:) ). But predicting the immediate future is not very hard for us (Humans). We do it in the real life quite often — while…

Predicting Probabilities — Logit Model Analysis

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Purpose: Predicting which applicants will complete their application for admission. The result will help focus recruitment efforts more effectively and efficiently; especially helpful in a time…

Regression

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Regression is an incredibly powerful statistical tool that, when used correctly, has the ability to help you predict certain values. Prediction is a big deal for data analysis. Some would argue that…

Making Prophecies with Data

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Forecasting is a problem common to many industries and is often deployed in scenarios such as financial planning, sales/demand forecasting, marketing campaign analysis, predictive maintenance, and…

The Art of Explaining Predictions

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How to explain your model in a human-friendly way Continue reading on Towards Data Science

The Art of Making Better Predictions

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The day-to-day work of a data scientist can involve very complex concepts, but at its core we find a simple premise: if we look at enough (reliable) information from the past, we might be able to say ...

Making Predictions with Sequences

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Last Updated on August 14, 2019 Sequence prediction is different from other types of supervised learning problems. The sequence imposes an order on the observations that must be preserved when trainin...

Predictive Models

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The above image of a basketball player would have made you to think what a basketball player had to do with predictive models in ML. But this is what we will be focussing on in this story, where I…