AIC in Logistic Regression: Formula, Example
Have you as a data scientist ever been challenged by choosing the best logistic regression model for your data? As we all know, the difference between a good and the best model while training machine learning model can be subtle yet impactful. Whether it’s predicting the likelihood of an event occurring or classifying data into distinct categories, logistic regression provides a robust framework for analysts and researchers. However, the true power of logistic regression is harnessed not just by building models, but also by selecting the right model. This is where the Akaike Information Criterion (AIC) comes into play. In this blog, we’ll delve into different aspects of AIC, decode …
Linear Regression T-test: Formula, Example
Last updated: 29th Nov, 2023 Linear regression is a popular statistical method used to model the relationship between a dependent variable and one or more independent variables. In linear regression, the t-test is a statistical hypothesis testing technique that is used to test the hypothesis related to linearity of the relationship between the response variable and different predictor variables. In this blog, we will discuss linear regression and t-test and related formulas and examples. For a detailed read on linear regression, check out my related blog – Linear regression explained with real-life examples. T-tests are used in linear regression to determine if a particular variable is statistically significant in the …
Types of SQL Joins: Differences, SQL Code Examples
Structured Query Language (SQL) is one of the most important and widely used tools for data manipulation. It allows users to interact with databases, query and manipulate data, and create reports. One of SQL’s most important features is its ability to join tables together in order to enrich, compare and analyze related data. These joins are termed as inner join, outer join, left join and right join. In this article, we will discuss the different types of joins available in SQL, their differences and provide examples of how each can be used. What is SQL Join? SQL Joins are a technique used in Structured Query Language (SQL) to combine two …
30+ Logistic Regression Interview Questions & Answers
Last updated: 29th Nov, 2023 This page lists down the practice tests / interview questions and answers for Logistic regression in machine learning. Those wanting to test their machine learning knowledge in relation with logistic regression would find these practice tests very useful. The goal for these practice tests is to help you check your knowledge in logistic regression machine learning models from time-to-time. More importantly, when you are preparing for interviews, these practice tests are intended to be handy enough. Those going for freshers / intern interviews in the area of machine learning would also find these practice tests / interview questions to be very helpful. These test primarily focus on …
Standard Deviation vs Standard Error: Formula, Examples
Understanding the differences between standard deviation and standard error is crucial for anyone involved in statistical analysis or research. These concepts, while related, serve different purposes in the realm of statistics. In this blog, we will delve into their differences, applications in research, formulas, and practical examples. Introduction to Standard Deviation & Standard Error At the heart of statistical analysis lies the need to understand and quantify variability. This is where standard deviation and standard error come into play. What’s standard deviation? Standard Deviation is a measure that reflects the amount of variation or dispersion within a dataset. It indicates how much individual data points deviate from the mean (average) …
Coefficient of Variation vs Standard Deviation
Last updated: 28th Nov, 2023 Understanding the difference between coefficient of variation (CV) and standard deviation (SD) is essential for statisticians and data scientists. While both concepts measure variability in a dataset, they are calculated differently and can be used in different scenarios for better understanding. Here, we will explore the coefficient of variation vs standard deviation differences to gain a better understanding of how to use them. Coefficient of Variation vs Standard Deviation Coefficient of Variation (CV) is a measure that is used to compare the amount of variation in a dataset relative to its mean value. It is calculated by taking the standard deviation divided by the mean, then …
Difference: Binary vs Multiclass vs Multilabel Classification
Last updated: 28th Nov, 2023 There are three main types of classification algorithms when dealing with machine learning classification problems: Binary, Multiclass, and Multilabel. In this blog post, we will discuss the differences between them and how they can be used to solve different problems. Binary classifiers can only classify data into two categories, while multiclass classifiers can classify data into more than two categories. Multilabel classifiers assign or tag the data to zero or more categories. Let’s take a closer look at each type! Binary classification & examples Binary classification is a type of supervised machine learning problem that requires classifying data into two mutually exclusive groups or categories. …
Classification Problems in Machine Learning: Examples
In this post, you will learn about some popular and most common real-life examples of machine learning (ML) classification problems. For beginner data scientists, these examples of classification problems will prove to be helpful to gain perspectives on real-world problems which can be solved using classification algorithms in machine learning. This post will be updated from time-to-time to include interesting examples which can be solved by training classification models. Before going ahead and looking into examples, let’s understand a little about what is an ML classification problem. You may as well skip this section if you are familiar with the definition of machine learning classification problems & solutions. You may …
Z-test vs T-test vs Chi-square test: Differences, Examples
In the world of data science, understanding the differences between various statistical tests is crucial for accurate data analysis. Three most popular tests – the Z-test, T-test, and Chi-square test – each serve specific purposes. This blog post will delve into their definitions, types, formulas, appropriate usage scenarios, and the Python/R packages that can be used for their implementation, along with real-world examples. Check out a detailed post on the differences between Z-test vs T-test. Definition: What’s Z-test vs T-test vs Chi-square test? The following represents the definition of each of the tests along with a real-world example: Z-test: The Z-test is a statistical test used to determine if there …
What is Web3.0? Features, Design, Skills, NFTs
Last updated: 27th Nov, 2023 What is Web3.0? Web3.0 is the next phase of the internet, which focuses on decentralization and security. It includes new technologies like blockchain, which is revolutionizing how we interact with the internet. To be successful in this new era of the Web 3.0 internet, you will need to have a variety of different skills. In this blog post, we will discuss what those skills are and how you can acquire them! What is Web 3.0? Web 1.0 was characterized by its static content delivery, offering a largely read-only experience to users. In contrast, Web 2.0 marked a significant shift towards interactivity, user-generated content, and the …
Learning Curves Python Sklearn Example
Last updated: 26th Nov, 2023 In this post, you will learn about how to use learning curves to assess the improvement in learning performance (accuracy, error rate, etc.) of a machine learning model while implementing using Python (Sklearn) packages. Knowing how to use learning curves will help you assess/diagnose whether the model is suffering from high bias (underfitting) or high variance (overfitting) and whether increasing training data samples could help solve the bias or variance problem. You may want to check some of the following posts in order to get a better understanding of bias-variance and underfitting-overfitting. Bias-variance concepts and interview questions Overfitting/Underfitting concepts and interview questions What are learning curves? …
Procurement Analytics Use Cases Examples
Last updated: 26th Nov, 2023 The procurement analytics applications is seeing tremendous growth in last few years. With so much data available, advancement in data analytics and related technology field, and the need for digital transformation across procurement organizations, it’s important to know how procurement analytics can help you make better business decisions. This blog will cover procurement analytics and key use cases examples from advanced analytics field such as machine learning, AI, generative AI that will be useful for business stakeholders such as category managers, sourcing managers, supplier relationship managers, business analysts/product managers, and data scientists to implement different use cases using machine learning. The use cases around data-driven decision …
XGBoost Classifier Explained with Python Example
Among the myriad of machine learning algorithms and techniques available with data scientists, one stands out for its exceptional performance in classification problems: XGBoost, short for eXtreme Gradient Boosting. This algorithm has established itself as a force to reckon with in the data science community, as evidenced by its frequent use and high placements in Kaggle competitions, a platform where data scientists and machine learning practitioners worldwide compete to solve complex data problems. The following plot is taken from Francois Chollet tweet. Above demonstrates the prominence of XGBoost as one of the primary machine learning software tools used by the top-5 teams across 120 Kaggle competitions. The data points in …
Data Science Explained: Framework, Methods, Examples
What is data science? This is a question that many people who are planning to start learning data science are asking, and for good reason. Data science is increasingly being applied to solve real-world issues, encompassing a broad range of areas. In this blog post, we’re going to explore data science: what it is, the methods it employs, and how it’s applied to solve various problems, with relevant examples. Stick with us, and by the end of this post, you’ll gain a comprehensive understanding of data science and its significance! What is Data Science? Before understanding what is data science, let’s understand what is science? Science can be defined as …
Bagging Classifier Python Code Example
Last updated: 25th Nov, 2023 Bagging is a type of an ensemble machine learning approach that combines the outputs from many learner to improve performance. The bagging algorithm works by dividing the training set into smaller subsets. These subsets are then processed through different machine-learning models. After processing, the predictions from each model are combined. This combination of predictions is used to generate an overall prediction for each instance in the original data. In this blog post, you will learn about the concept of Bagging along with Bagging Classifier Python code example. Bagging can be used in machine learning for both classification and regression problem. The bagging classifier technique is utilized across a …
Activation Functions in Neural Networks: Concepts, Examples
Last updated: 24th Nov, 2023 The activation functions are critical to understanding neural networks. There are many activation functions available for data scientists to choose from, when training neural networks. So, it can be difficult to choose which activation function will work best for their needs. In this blog post, we look at different activation functions and provide examples of when they should be used in different types of neural networks. If you are starting on deep learning and wanted to know about different types of activation functions, you may want to bookmark this page for quicker access in the future. What are activation functions in neural networks? In a …
I found it very helpful. However the differences are not too understandable for me