Machine Learning Modelling

Machine Learning Modelling

What is Machine Learning?

The term Machine learning was coined by Arthur Samuel, a pioneer in artificial intelligence and computer gaming. According to Arthur Samuel, machine learning is – “Field of study that gives computers the capability to learn without being explicitly programmed.”

In layman language, machine learning improves the automating process by making computer learns from experience without human interventions. 

A Brief Taxonomy of ML Models

Types of Machine Learning Models

Based on tasks, we can define different types of Machine Learning Models :

1. Classification Models: Classification is used to define the class or type of an object. In the classification model, the output variable is always a categorical variable. Such as predicting whether the email is spam or not. Here are different types of classification algorithms.

• Naïve Bayes : It is based on Bayes Theorem

• SVM: SVM or Support Vector Machine is used for binary or multiclass classification.

• Decision Tree: A decision tree produces a sequence of rules used to classify the data.

• Logistic Regression: Linear model for binary classification

• K-Nearest Neighbors Algorithms: A lazy learning algorithm does not construct the general internal model. The classification is calculated by the majority of k nearest neighbor of each point.

2. Regression: In a regression model, the output variable can have a continuous value, for example, predicting stock prediction. Here are some important regression models.

• Linear Regression: It is used to predict the value of a variable known as a dependent variable. It is predicted based on another variable known as the independent variable.

• Lasso Regression: It is a linear regression with L2 regularization.

• Ridge Regression: It is a linear regression with L1 regularization.

3. Clustering: Clustering or Cluster analysis is a way of grouping a set of objects of the same group. For example, different fruits such as apple, mango, oranges, and grapes are categories into separate sections. Here are some widely used clustering models.

• K means: It is an unsupervised learning algorithm whose objective is to combine similar data points and find underlying patterns.

• K means ++: It is a modified version of K means.

• DBSCAN: This is a density-based clustering algorithm.

• Agglomerative Clustering: This is a hierarchical-based clustering algorithm. 

4. Dimensionality Reduction: Dimensionality Reduction is a process or technique to reduce the number of input variables in the dataset. More input variables make it more challenging and can overfit the model; this is generally referred to as the curse of dimensionality. Here are some commonly used models for dimensionality reduction.

• PCA: PCA stands for Principal component Analysis. PCA helps to reduce the dimensionality of large data set into smaller ones, and new variables are independent of each other but less interpretable.

• SVD: SVD stands for Singular Value Decomposition, which is used to decompose the matrix into smaller parts for efficient calculations.

5. Deep Learning: Deep Learning is considered a subset of machine learning based on artificial neural networks with representation learning. Here are some important deep learning models based on the architecture of neural networks.

• Multi-Layer perceptron

• Convolution Neural Networks

• Recurrent Neural Networks

• Boltzmann machine

• Autoencoders, etc

There are many machine learning models, but how to figure out which is best? So, it depends upon the type of problem we are trying to solve and attributes associated with it, such as outliers, quality of data, the volume of data, feature engineering, and many more. Choosing a specific model is necessary to obtain the correct result for a machine learning problem. Evaluation metrics or KPIs are defined for particular business problems to find the performance between different models. After going through the statistical performance checking, the best model is selected for production.

It is always recommended to start with the simplest model first and then increase the complexity by proper parameter tuning and cross-validation. In the world of data science, it is said, “Cross-validation is more trustworthy than domain knowledge.”