How do you know if your model is going to work? Part 1: The problem

Authors: John Mount (more articles) and Nina Zumel (more articles). “Essentially, all models are wrong, but some are useful.” George Box Here’s a caricature of a data science project: your company or client needs information (usually to make a decision). Your job is to build a model to predict that information. You fit a model, … Continue reading How do you know if your model is going to work? Part 1: The problem →

from R-bloggers http://ift.tt/1JO20mF
via IFTTT