Remove Machine Learning Remove Measurement Remove Statistics Remove Testing
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Statistical Effect Size and Python Implementation

Analytics Vidhya

Introduction One of the most important applications of Statistics is looking into how two or more variables relate. Hypothesis testing is used to look if there is any significant relationship, and we report it using a p-value. Measuring the strength of that relationship […].

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Measuring Bias in Machine Learning: The Statistical Bias Test

DataCamp

This tutorial will define statistical bias in a machine learning model and demonstrate how to perform the test on synthetic data.

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Why you should care about debugging machine learning models

O'Reilly on Data

For all the excitement about machine learning (ML), there are serious impediments to its widespread adoption. In addition to newer innovations, the practice borrows from model risk management, traditional model diagnostics, and software testing. Not least is the broadening realization that ML models can fail. Residual analysis.

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How to Leverage Machine Learning for AML Compliance

BizAcuity

1] With the rise of Big Data in today’s world, Machine Learning (ML) is popularly used to identify, assess, and monitor financial risks as well as detect various suspicious activities and transactions. Model Training: The selected model is trained on a dataset and subsequently validated and tested before being deployed.

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How to Leverage Machine Learning for AML Compliance

BizAcuity

With the rise of Big Data in today’s world, Machine Learning (ML) is popularly used to identify, assess, and monitor financial risks as well as detect various suspicious activities and transactions. How Machine Learning Helps Detect and Prevent AML. OCR is widely used to digitize all kinds of physical documentation.

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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. Business analytics also involves data mining, statistical analysis, predictive modeling, and the like, but is focused on driving better business decisions.

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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. Data analytics draws from a range of disciplines — including computer programming, mathematics, and statistics — to perform analysis on data in an effort to describe, predict, and improve performance.