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Aspiring Data Science Student || Data Science and Analytics || Credit risk Analytics

In the drive to build high-performing models, developers often concentrate on model development and prediction accuracy, leaving critical data issues like class imbalance, class overlap, noise, and heavily-tailed distributions unaddressed issues that are key to robust real-world performance. Class imbalance, where some classes are underrepresented, leads models to overlook minority events, while class overlap makes it difficult to distinguish between similar categories. Noise, such as mislabeled data or outliers, can mislead model training, and heavily tailed distributions, often found in risk data, skew predictions by giving undue weight to extreme values. Tackling these data challenges through techniques like resampling, robust loss functions, noise reduction, and transformations is essential to create models that are not only accurate but also resilient, fair, and effective across diverse applications in real world situations. #classimbalance #noise #machinelearning #classoverlap

Handling imbalanced data: 7 innovative techniques for successful analysis | Data Science Dojo

Handling imbalanced data: 7 innovative techniques for successful analysis | Data Science Dojo

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Brenton Mutetwa

Actuarial Student | Data Science & AI Enthusiast | ACTEX Learning Champion | SOA Affiliate Member | Peer Educator | Blogger

1mo

Very helpful

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