Overfitting in regression Study guides, Class notes & Summaries

ISYE 6501 - Midterm 2 Exam 2024 when might overfitting occur - answerwhen the # of factors is close to or larger than the # of data points causing the model to potentially fit too closely to random effects Why are simple models better than complex ones - answerless data is required; less chance of insignificant factors and easier to interpret what is forward selection - answerwe select the best new factor and see if it's good enough (R^2, AIC, or p-value) add it to our model and fit the ...

What do descriptive questions ask? What happened? (e.g., which customers are most alike) What do predictive questions ask? What will happen? (e.g., what will Google's stock price be?) Brainpower Read More 0:05 / 0:15 What do prescriptive questions ask? What action(s) would be best? (e.g., where to put traffic lights) What is a model? Real-life situation expressed as math. What do classifiers help you do? differentiate What is a soft classifier and when is it...

ISYE 6501 Midterm 1 QUESTIONS CORRECTLY ANSWERED LATEST UPDATE Support Vector Machine(SVM) is a supervised machine learning algorithm used for? - ANSWER Classification How to split the data if we only have one model? - ANSWER 70% training data, 30% testing data How to split the data if we want to compare models? - ANSWER 70% training, 15% validation and 15% testing When do we need to do scaling in data? - ANSWER When our factors/attributes/dimensions are orders of magnitude differe...

ISYE 6501 EXAM QUESTIONS WITH 100% SOLUTIONS LATEST UPDATE 2023/2024 Support Vector Machine(SVM) is a supervised machine learning algorithm used for? - ANSWER Classification How to split the data if we only have one model? - ANSWER 70% training data, 30% testing data How to split the data if we want to compare models? - ANSWER 70% training, 15% validation and 15% testing When do we need to do scaling in data? - ANSWER When our factors/attributes/dimensions are orders of magnit...

ISYE 6501 Midterm 1 EXAM QUESTIONS WITH 100% SOLUTIONS LATEST UPDATE 2023/2024 True or false: In a regression tree, every leaf of the tree has a different regression model that might use different attributes, have different coefficients, etc. - ANSWER True - Each leaf's individual model is tailored to the subset of data points that follow all of the branches leading to the leaf. True or false: Tree-based approaches can be used for other models besides regression. - ANSWER True ...

ISYE 6501 Midterm 1 EXAM QUESTIONS WITH VERIFIED SOLUTIONS 100% LATEST UPDATE 2023/2024 True or false: In a regression tree, every leaf of the tree has a different regression model that might use different attributes, have different coefficients, etc. - ANSWER True - Each leaf's individual model is tailored to the subset of data points that follow all of the branches leading to the leaf. True or false: Tree-based approaches can be used for other models besides regression. - ANSW...

ISYE 6501 Midterm 1 EXAM QUESTIONS WITH VERIFIED SOLUTIONS 100% LATEST UPDATE 2023/2024 True or false: In a regression tree, every leaf of the tree has a different regression model that might use different attributes, have different coefficients, etc. - ANSWER True - Each leaf's individual model is tailored to the subset of data points that follow all of the branches leading to the leaf. True or false: Tree-based approaches can be used for other models besides regression. - ANSW...

Factor Based Models classification, clustering, regression. Implicitly assumed that we have a lot of factors in the final model Why limit number of factors in a model? 2 reasons overfitting: when # of factors is close to or larger than # of data points. Model may fit too closely to random effects simplicity: simple models are usually better Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Classical var...

Overfitting - CORRECT ANS Number of factors is too close to or larger than number of data points -- fitting to both real effects and random effects. Comes from including too many variables! Ways to avoid overfitting - CORRECT ANS - Need number of factors to be same order of magnitude as the number of points - Need enough factors to get good fit from real effects and random effects Simplicity - CORRECT ANS Simple models are better than complex. When fewer factors exist, less dat...

ISYE 6501 Midterm 1 QUESTIONS CORRECTLY ANSWERED LATEST UPDATE Support Vector Machine(SVM) is a supervised machine learning algorithm used for? - ANSWER Classification How to split the data if we only have one model? - ANSWER 70% training data, 30% testing data How to split the data if we want to compare models? - ANSWER 70% training, 15% validation and 15% testing When do we need to do scaling in data? - ANSWER When our factors/attributes/dimensions are orders of magnitude differe...