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
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𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗟𝗶𝗻𝗲𝗮𝗿 𝗥𝗲𝗴𝗿𝗲𝘀𝘀𝗶𝗼𝗻 𝗮𝗻𝗱 𝗜𝘁𝘀 𝗟𝗶𝗺𝗶𝘁𝗮𝘁𝗶𝗼𝗻𝘀: Linear regression is a fundamental tool in data science, but it's not without its challenges: 𝗠𝘂𝗹𝘁𝗶𝗰𝗼𝗹𝗹𝗶𝗻𝗲𝗮𝗿𝗶𝘁𝘆: When predictor variables are highly correlated, it can distort the coefficient estimates and reduce the model's reliability. 𝗦𝗺𝗮𝗹𝗹 𝗦𝗮𝗺𝗽𝗹𝗲 𝗦𝗶𝘇𝗲: If the number of samples is less than the number of variables, the model can become unstable and overfit the data. To address these issues, we turn to more advanced techniques: 𝗥𝗶𝗱𝗴𝗲 𝗥𝗲𝗴𝗿𝗲𝘀𝘀𝗶𝗼𝗻: Adds a penalty to the model that shrinks the coefficients, mitigating the impact of multicollinearity. 𝗟𝗮𝘀𝘀𝗼 𝗥𝗲𝗴𝗿𝗲𝘀𝘀𝗶𝗼𝗻: Goes a step further by performing feature selection, setting some coefficients to zero, thus simplifying the model. 𝗣𝗮𝗿𝘁𝗶𝗮𝗹 𝗟𝗲𝗮𝘀𝘁 𝗦𝗾𝘂𝗮𝗿𝗲𝘀 (𝗣𝗟𝗦): Focuses on finding a set of components that explain the maximum variance in both the predictors and the response, especially useful when predictors are highly collinear. 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗮𝗹 𝗖𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 (𝗣𝗖𝗔): Reduces dimensionality by transforming the predictors into a set of uncorrelated components, retaining most of the original variability with fewer variables. These techniques are powerful tools in the data scientist's toolkit, allowing us to build more robust and interpretable models. 🌟 #DataScience #MachineLearning #LinearRegression #RidgeRegression #LassoRegression #PLS #PCA #FeatureSelection #BigData
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Hi everyone! I’ve just completed the Machine Learning module, and one of the most fascinating topics I explored was the importance of loss functions in regression models. These functions play a crucial role in guiding a model to make better predictions by minimizing errors. In my latest article, I dive into the different types of loss functions commonly used in regression tasks, from standard approaches like Mean Squared Error (MSE) to the concept of custom loss functions tailored for specific needs. I aim to provide a clear understanding of how these concepts shape a model’s performance and why choosing the right loss function is essential for solving unique regression challenges. Feel free to check it out here: https://lnkd.in/gWCKXu_G Special thanks to Purwadhika Digital Technology School and my mentor, Mr. ilham candra, for their guidance and support. If you're interested in loss functions or machine learning in general, let’s connect and discuss more!
Loss Functions for Regression: Standard vs. Custom Approaches
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🔍 New Blog Alert! 🔍 Excited to share my latest Medium blog: "Feature Engineering: Learn It and See How Helpful It Can Be!" 📈✨ Feature engineering is a game-changer in data science. Discover the techniques and insights that can elevate your models and drive impactful results. Whether you're just starting or looking to refine your skills, this post has something for everyone. Dive in and see how feature engineering can transform your data projects! 🚀 Read now and share your thoughts! https://lnkd.in/dykKJu6D #DataScience #FeatureEngineering #MachineLearning #DataAnalytics #TechInsights #ContinuousLearning
🚀 Unlocking the Power of Data: The Art and Science of Feature Engineering 🚀
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I watched a youtube video about time series and the speaker went over the data due diligence that they do. I thought would be important to reiterate. 🔍 Data Due Diligence is key in data management, data engineering, and data science. Whenever I begin a project as a data operations practioner, I prioritize understanding the data process by documenting a data dictionary 📚 and constructing a data network diagram 🌐. Answering a series of fundamental questions helps me grasp the intricacies of the data. 1️⃣ What data do I have? Documenting data dictionaries is essential as it lays the foundation for all subsequent data operations. Not only does it catalog the existing data, but it also identifies any missing data that could potentially enhance analyses. Early in my economics degree, I was told before proposing any research, make sure the data exists.. 2️⃣ How do I store my data? It's imperative to scrutinize the units and data types within the data dictionary. I still remember encountering an application where they were using a string as a primary key which hindered query performance significantly. Additionally, early normalization of data streamlines the data processing pipeline. 80% of analysis time is cleaning the data. 3️⃣ What question can I answer? I typically commence by tackling the simplest question within reach. For example, calculating the lifetime value of our customers offers valuable insights that can inform strategic decisions. Expand your analysis later. 4️⃣ What is the value of this study? Quantifying the benefits of a study aids in articulating its significance to stakeholders. This understanding is crucial when prioritizing which problems to address first and why we are trying to answer these questions. 5️⃣ How do I make sure my study is reproducible? Reproducibility is the cornerstone of scientific inquiry. It ensures that studies can be re-evaluated and findings verified over time. This practice instills confidence in the credibility of our analyses. 6️⃣ Do I need this model? Sometimes, simplicity reigns supreme. I've learned that starting with a simpler model allows for the establishment of a robust analytical framework. Additionally, it's worth considering whether the complexity of a model outweighs its utility, as simpler models often prove more efficient in computation. A talk I listened to, they mentioned that machine learning performed worse than just using weighted averages. 7️⃣ Pick the easiest model and move to the hardest. It's acceptable to commence with a simplified model and progressively increase complexity. This iterative approach allows for refinement and problem-solving along the way. In essence, conducting thorough data due diligence empowers us to make informed decisions, streamline processes, and drive impactful outcomes in our projects.
Tamara Louie: Applying Statistical Modeling & Machine Learning to Perform Time-Series Forecasting
https://www.youtube.com/
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🎯 Model Evaluation Metrics in Imbalanced Datasets 📊 In the realm of data science and machine learning, accuracy isn't always the ultimate measure of success. Let's delve into why! 🔍 Accuracy: The most basic metric, measuring the ratio of correctly predicted instances to the total instances. However, in imbalanced datasets where one class vastly outnumbers the other, accuracy can be misleading. 🚧 Imbalanced Dataset: When one class dominates the dataset, traditional metrics like accuracy fall short. Take fraud detection or rare disease diagnosis, for instance. Here, accuracy alone fails to capture the model's performance adequately. 🔍 Recall: Also known as sensitivity, it gauges the model's ability to correctly identify positive instances out of all actual positives. Crucial in scenarios where missing positive cases (false negatives) is costly, recall shines by minimizing such errors. 💡 Precision: Precision complements recall by measuring the model's accuracy in predicting positive instances among all predicted positives. It's indispensable when false positives are costly, ensuring that the identified positives are indeed correct. 📈 F1 Score: A harmonic mean of precision and recall, F1 score strikes a balance between the two. It's an excellent metric for imbalanced datasets, providing a single value that considers both false positives and false negatives. 🔄 ROC Curve: Receiver Operating Characteristic (ROC) curve illustrates the trade-off between true positive rate (recall) and false positive rate. Area Under the ROC Curve (AUC-ROC) serves as a comprehensive metric, especially useful when evaluating models across different thresholds. 🎯 Why do we use them in imbalanced datasets? In imbalanced datasets, the rarity of one class often leads to misinterpretation of results. Metrics like accuracy can be misleading, emphasizing the need for specialized evaluation measures. Recall, precision, F1 score, and ROC curve empower us to assess model performance accurately, ensuring robustness even in skewed data scenarios. Mastering these metrics equips data scientists with the tools needed to navigate the complexities of imbalanced datasets, enabling the development of models that truly excel in real-world applications. #DataScience #MachineLearning #Metrics #ImbalancedData #ModelEvaluation #ROCcurve
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🚀 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 𝘁𝗼 𝗠𝗲𝗮𝘀𝘂𝗿𝗲 𝘁𝗵𝗲 𝗚𝗼𝗼𝗱𝗻𝗲𝘀𝘀 𝗼𝗳 𝗙𝗶𝘁 𝗶𝗻 𝗟𝗶𝗻𝗲𝗮𝗿 𝗥𝗲𝗴𝗿𝗲𝘀𝘀𝗶𝗼𝗻 Linear regression is one of the most widely used algorithms in Data Science and Machine Learning. Let’s explore key metrics used to assess a regression model’s performance, along with why and when they’re helpful. 𝟭. 𝗠𝗲𝗮𝗻 𝗦𝗾𝘂𝗮𝗿𝗲𝗱 𝗘𝗿𝗿𝗼𝗿 (𝗠𝗦𝗘) The Mean Squared Error calculates the average squared difference between predicted and actual values. Since the errors are squared, MSE penalizes larger errors more than smaller ones. This makes it particularly sensitive to outliers. 𝟮. 𝗥𝗼𝗼𝘁 𝗠𝗲𝗮𝗻 𝗦𝗾𝘂𝗮𝗿𝗲𝗱 𝗘𝗿𝗿𝗼𝗿 (𝗥𝗠𝗦𝗘) The Root Mean Squared Error is the square root of MSE, bringing the error measure back to the same units as the target variable. By providing error values in the original units, RMSE is easier to interpret in real-world terms. 𝟯. 𝗠𝗲𝗮𝗻 𝗔𝗯𝘀𝗼𝗹𝘂𝘁𝗲 𝗘𝗿𝗿𝗼𝗿 (𝗠𝗔𝗘) The Mean Absolute Error computes the average absolute difference between predicted and actual values. Unlike MSE and RMSE, which disproportionately penalize larger errors, MAE treats all errors equally. This makes it more robust to outliers compared to squared-error metrics. 𝟰. 𝗥𝗲𝘀𝗶𝗱𝘂𝗮𝗹 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗘𝗿𝗿𝗼𝗿 (𝗥𝗦𝗘) The Residual Standard Error quantifies the average deviation of observed values from the regression line. A smaller RSE value indicates a better fit, as it suggests that the predictions are closer to the observed data. 𝟱. 𝗥𝟮 𝗦𝘁𝗮𝘁𝗶𝘀𝘁𝗶𝗰 The R² statistic, or coefficient of determination, measures the proportion of variance in the target variable that is explained by the model. An R² value closer to 1 indicates that the model explains a large proportion of the variability in the data, while a value near 0 implies the model explains very little. Each metric offers unique insights, so choose based on the problem and context! 💡 #DataScience #MachineLearning #InterviewPreparation #LinearRegression
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"Unraveling Data: 🚀A Journey of Continuous Learning in Data Science" ✴ Linear Regression model Building In this project, I delved into the intricate world of predictive modeling, exploring various stages from data preprocessing to model evaluation. Here's a sneak peek into what I've been working on: ▶ Exploratory Data Analysis (EDA): Dive deep into understanding the dataset, uncovering patterns, outliers, and relationships between variables. EDA is crucial for laying the groundwork for a successful predictive model. ▶ Feature Scaling: Standardizing or normalizing features to ensure all variables contribute equally to the model and prevent certain features from dominating the others. ▶ Ordinary Least Squares (OLS): Leveraged the classical OLS method to estimate the parameters of the linear regression model, providing insights into the relationships between the independent and dependent variables. ▶ Regularization Models: Explored different regularization techniques like Lasso, Ridge, and ElasticNet to tackle multicollinearity and prevent overfitting, thereby enhancing the model's generalization capabilities. ▶ Cross Validation: Implemented cross-validation techniques to assess the model's performance across different subsets of the data, ensuring robustness and reliability. ▶ Performance Metrics: Utilized various performance metrics such as Mean Squared Error (MSE), R-squared, Adjusted R-squared and Mean Absolute Error (MAE) to evaluate the model's accuracy and effectiveness. By integrating these methodologies, I was able to develop a powerful linear regression model that not only accurately predicts outcomes but also provides valuable insights into the underlying data patterns. Excited to share more insights and discuss how these techniques can be applied to solve real-world problems! Let's connect and explore the fascinating world of predictive analytics together. 📈 #linearregression, #machinelearning
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Day 24 of #75DaysChallenge – Transforming Data into a Bell Curve! 🎯 When working on machine learning models, standardization is a critical preprocessing step that scales the data to a mean of 0 and a standard deviation of 1. But what if the data's distribution isn't normal? 📉➡️📈 Why Normalize to a Bell Curve? Some ML algorithms assume that the input data follows a Gaussian (normal) distribution for optimal performance. After standardization, additional transformations can be applied to make the data bell-shaped, ensuring better model interpretability and predictions. Key Techniques to Normalize Data: 1️⃣ Log Transformation: Compresses larger values while expanding smaller ones, reducing skewness. 2️⃣ Square Root Transformation: Useful for moderating the impact of large values while retaining data structure. 3️⃣ Exponential Transformation: Works well to amplify smaller values in certain datasets. 4️⃣ Reciprocal Transformation: Inverts the data, which can reduce the effect of large values. 5️⃣ Box-Cox Transformation: Transforms data to approximate normality (works only for positive values). 6️⃣ Yeo-Johnson Transformation: Similar to Box-Cox but works with both positive and negative values. Why This Matters: By transforming the data into a normal distribution, you ensure algorithms relying on parametric assumptions perform better. These techniques not only enhance model accuracy but also improve the interpretability of results. Have you used these transformations in your ML projects? Which one is your go-to? Let’s discuss below! ⬇️ #DataScience #MachineLearning #Preprocessing #DataTransformations #75DaysChallenge #EntriElevate
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What is the purpose of regularization in machine learning algorithms? Regularization is a technique used to prevent overfitting in machine learning models. It adds a penalty term to the objective function, which discourages the model from fitting the training data too closely. This helps to generalize the model better to unseen data and improves its performance on test datasets. Common regularization techniques include L1 regularization (Lasso), L2 regularization (Ridge), and elastic net regularization. https://lnkd.in/d6jC2fZM 1723621383848939520?ref=project_share #data #bigdata #dataanalysis #machinelearning #machinelearningmodel #machinelearningalgorithm #bigdata
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Unlocking the Hidden Power of L2 Regularization: Beyond Overfitting! Just came across this insightful explanation of L2 regularization. While we usually think of it as a tool to reduce overfitting, it’s interesting to learn how it also addresses multicollinearity in models. Definitely worth a read for anyone working with linear models! What are your thoughts on the other benefits of L2 regularization? #MachineLearning #DataScience #AI #Regularization #L2Regularization #LinearModels #Overfitting #DataAnalysis #TechTalk #Statistics #LLM
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L2 Regularization can do MUCH MORE than reducing overfitting. (but disappointingly, most resources don't teach this). . . Most models intend to use L2 Regularization for just one thing: ↳ Reduce overfitting. However, unknown to many, L2 regularization is a great remedy for multicollinearity. Multicollinearity arises when: ↳ Two (or more) features are highly correlated, OR, ↳ Two (or more) features can predict another feature. To understand how L2 regularization addresses multicollinearity, consider a dataset with two features and a dependent variable (y): ↳ featureA ↳ featureB → Highly correlated with featureA. ↳ y = some linear combination of featureA and featureB. Ignoring the intercept term, our linear model will have two parameters (θ₁, θ₂). The goal is to find those specific parameters that minimize the residual sum of squares (RSS). So how about we do the following ↓ 1. We will plot the RSS value for many different combinations of (θ₁, θ₂) parameters. This will create a 3D plot: ↳ x-axis → θ₁ ↳ y-axis → θ₂ ↳ z-axis → RSS value 2. We will visually determine the (θ₁, θ₂) combination that minimizes the RSS value. Without the L2 penalty, we get the first plot in the image below. Do you notice something? The 3D plot has a valley. There are multiple combinations of parameter values (θ₁, θ₂) for which RSS is minimum. With the L2 penalty, we get the second plot in the image below. Do you notice something different this time? Using L2 regularization eliminated the valley we saw earlier. This provides a global minima to the RSS error. And out of nowhere, L2 regularization helped us eliminate multicollinearity. In fact, this is where “ridge regression” also gets its name from: ↳ it eliminates the RIDGE in the likelihood function of a linear model when the L2 penalty is used. I have linked my recent newsletter issue in the comments for you to learn more about it. -- 👉 Get a Free Data Science PDF (530+ pages) by subscribing to my daily newsletter: https://lnkd.in/gzfJWHmu. -- 👉 Over to you: What are some other advantages of using L2 regularization?
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1moVery helpful