Remove 2009 Remove Data mining Remove Measurement Remove Risk
article thumbnail

ML internals: Synthetic Minority Oversampling (SMOTE) Technique

Domino Data Lab

Working with highly imbalanced data can be problematic in several aspects: Distorted performance metrics — In a highly imbalanced dataset, say a binary dataset with a class ratio of 98:2, an algorithm that always predicts the majority class and completely ignores the minority class will still be 98% correct. Chawla et al. link] Fisher, R.

article thumbnail

Explaining black-box models using attribute importance, PDPs, and LIME

Domino Data Lab

For this demo we’ll use the freely available Statlog (German Credit Data) Data Set, which can be downloaded from Kaggle. This dataset classifies customers based on a set of attributes into two credit risk groups – good or bad. PDPs for the bicycle count prediction model (Molnar, 2009). See Wei et al.

Modeling 139
article thumbnail

Misleading Statistics Examples – Discover The Potential For Misuse of Statistics & Data In The Digital Age

datapine

These controlling measures are essential and should be part of any experiment or survey – unfortunately, that isn’t always the case. A 2009 investigative survey by Dr. Daniele Fanelli from The University of Edinburgh found that 33.7% Drinking tea increases diabetes by 50%, and baldness raises the cardiovascular disease risk up to 70%!