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COMP 3202 - Introduction to Machine Learning

COMP 3202 introduces concepts and algorithms in machine learning for regression and classification tasks. The course gives the student the basic ideas and intuition behind model selection and evaluation, and selected machine learning methods such as random forests, support vector machines, and hidden Markov models.

COMP 3202 - Introduction to Machine Learning

Dr. Yashar Tavakoli

Team Member

Machine Learning for Predictive Data Analytics

What is Predictive Data Analytics?

Predictive data analytics is the art of building and using models that make predictions based on patterns extracted from historical data. Applications of predictive data analytics include:

  • Price Prediction Predicting future prices of products or services based on historical data and trends.
  • Dosage Prediction Determining the correct dosage of medication or treatment for specific conditions or populations.
  • Risk Assessment Evaluating the likelihood of future events or outcomes, often in finance, healthcare, or insurance.
  • Propensity Modeling Identifying the likelihood of a customer or user exhibiting a particular behavior, such as purchasing a product.
  • Diagnosis The identification of diseases or conditions based on symptoms, test results, or patient data.
  • Document Classification Categorizing documents into predefined categories or classes using text analysis techniques.

Predictive data analytics moving from data to insight to decision

Predictive data analytics moving from data to insight to decision

What is Machine Learning?

Machine learning is defined as an automated process that extracts patterns from data.

To build the models used in predictive data analytics applications, we use supervised machine learning. Supervised machine learning techniques automatically learn a model of the relationship between a set of descriptive features and a target feature based on a set of historical examples, or instances. We can then use this model to make predictions for new instances. These two separate steps are shown below:

Step One

Learning a model from a set of historical instances (Using machine learning to induce a prediction model from a training dataset)

Step Two

Using a model to make predictions

How Does Machine Learning Work?

Inductive Bias Versus Sample Bias

What Can Go Wrong with Machine Learning?

The Predictive Data Analytics Project Lifecycle: CRISP-DM

Predictive Data Analytics Tools

The Road Ahead

Data to Insights to Decisions

Converting Business Problems into Analytics Solutions

Case Study: Motor Insurance Fraud

Assessing Feasibility

Case Study: Motor Insurance Fraud

Designing the Analytics Base Table

Case Study: Motor Insurance Fraud

Designing and Implementing Features

Different Types of Data

Different Types of Features

Handling Time

Implementing Features

Case Study: Motor Insurance Fraud

Summary

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