Book Image

Machine Learning Quick Reference

By : Rahul Kumar
Book Image

Machine Learning Quick Reference

By: Rahul Kumar

Overview of this book

Machine learning makes it possible to learn about the unknowns and gain hidden insights into your datasets by mastering many tools and techniques. This book guides you to do just that in a very compact manner. After giving a quick overview of what machine learning is all about, Machine Learning Quick Reference jumps right into its core algorithms and demonstrates how they can be applied to real-world scenarios. From model evaluation to optimizing their performance, this book will introduce you to the best practices in machine learning. Furthermore, you will also look at the more advanced aspects such as training neural networks and work with different kinds of data, such as text, time-series, and sequential data. Advanced methods and techniques such as causal inference, deep Gaussian processes, and more are also covered. By the end of this book, you will be able to train fast, accurate machine learning models at your fingertips, which you can easily use as a point of reference.
Table of Contents (18 chapters)
Title Page
Copyright and Credits
About Packt
Contributors
Preface
Index

Statistical models


A statistical model is the approximation of the truth that has been captured through data and mathematics or statistics, and acts as an enabler here. This approximation is used to predict an event. A statistical model is nothing but a mathematical equation. 

For example, let's say we reach out to a bank for a home loan. What does the bank ask us? The first thing they would ask us to do is furnish lots of documents such as salary slips, identity proof documents, documents regarding the house we are going to purchase, a utility bill, the number of current loans we have, the number of dependants we have, and so on. All of these documents are nothing but the data that the bank would use to assess and check our creditworthiness:

What this means is that your creditworthiness is a function of the salary, number of loans, number of dependants, and so on. We can arrive at this equation or relationship mathematically.

Note

A statistical model is a mathematical equation that arrives at using given data for a particular business scenario.

In the next section, we will see how models learn and how the model can keep getting better.