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ISM 6136 PREDICTIVE ANALYTICS AND ML CHAPTER 1 QUESTIONS WITH COMPLETE ANSWERS

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ISM 6136 PREDICTIVE ANALYTICS AND ML CHAPTER 1 QUESTIONS WITH COMPLETE ANSWERS

Institution
ISM 6136
Course
ISM 6136

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portion of the data used to assess how well the model fits, to adjust models, and to
select the best model from among those that have been tried


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Validation data (or validation set)

, The unit of analysis on which the measurements are taken; also called instance,
sample, example, case, record, pattern, or row


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Observation




a mix of skills in the areas of statistics, machine learning, math, programming, business,
and IT


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Data science




process of providing an algorithm with records in which an output variable of interest
is known and the algorithm "learns" how to predict this value for new records where
the output is unknown


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Supervised learning




the flow rate—the speed at which data is being generated and changed


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ISM 6136
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ISM 6136

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