Book Image

Machine Learning with R - Fourth Edition

By : Brett Lantz
5 (1)
Book Image

Machine Learning with R - Fourth Edition

5 (1)
By: Brett Lantz

Overview of this book

Dive into R with this data science guide on machine learning (ML). Machine Learning with R, Fourth Edition, takes you through classification methods like nearest neighbor and Naive Bayes and regression modeling, from simple linear to logistic. Dive into practical deep learning with neural networks and support vector machines and unearth valuable insights from complex data sets with market basket analysis. Learn how to unlock hidden patterns within your data using k-means clustering. With three new chapters on data, you’ll hone your skills in advanced data preparation, mastering feature engineering, and tackling challenging data scenarios. This book helps you conquer high-dimensionality, sparsity, and imbalanced data with confidence. Navigate the complexities of big data with ease, harnessing the power of parallel computing and leveraging GPU resources for faster insights. Elevate your understanding of model performance evaluation, moving beyond accuracy metrics. With a new chapter on building better learners, you’ll pick up techniques that top teams use to improve model performance with ensemble methods and innovative model stacking and blending techniques. Machine Learning with R, Fourth Edition, equips you with the tools and knowledge to tackle even the most formidable data challenges. Unlock the full potential of machine learning and become a true master of the craft.
Table of Contents (18 chapters)
16
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17
Index

Example – predicting auto insurance expenses using linear regression

For an automobile insurance company to make money, it needs to collect more in membership premiums than it spends on claims paid to its beneficiaries in case of vehicle theft, damages, or loss of life in accidents. Consequently, insurers invest a great deal of time and money to develop models that accurately forecast medical expenses for the insured population. This is the field known as actuarial science, which uses sophisticated statistical techniques to estimate risk across insured populations.

Insurance expenses are difficult to predict accurately for individuals because accidents, and especially fatal accidents, are thankfully relatively rare—a bit over one fatality per 100 million vehicle miles travelled in the United States—yet, when they do happen, they are extremely costly. Moreover, the specific conditions leading to any given accident are almost completely random. An excellent driver with...