Book Image

Machine Learning for Data Mining

By : Jesus Salcedo
Book Image

Machine Learning for Data Mining

By: Jesus Salcedo

Overview of this book

Machine learning (ML) combined with data mining can give you amazing results in your data mining work by empowering you with several ways to look at data. This book will help you improve your data mining techniques by using smart modeling techniques. This book will teach you how to implement ML algorithms and techniques in your data mining work. It will enable you to pair the best algorithms with the right tools and processes. You will learn how to identify patterns and make predictions with minimal human intervention. You will build different types of ML models, such as the neural network, the Support Vector Machines (SVMs), and the Decision tree. You will see how all of these models works and what kind of data in the dataset they are suited for. You will learn how to combine the results of different models in order to improve accuracy. Topics such as removing noise and handling errors will give you an added edge in model building and optimization. By the end of this book, you will be able to build predictive models and extract information of interest from the dataset
Table of Contents (7 chapters)

Using propensity scores

Propensity scores are very useful because they tell you the likelihood of something happening. Confidence values for models reflect confidence in our predictions so a high degree of confidence doesn't help us determine if we're going to have a customer that's going to stay or leave a company, instead it indicates the confidence that we have in our prediction. Sometimes it's helpful to modify the confidence value so that a high confidence value means a prediction that a person is going to leave and a low confidence value indicates that a person is going to stay. Basically, we end up creating a propensity to leave score which would be helpful so that we could make interventions, different marketing efforts, and so on.

Consider this table, for example:

We have two values for Leaving and two values for Staying, each with the confidence...