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Predictive Modelling

Predictive modeling involves three main aspects: collecting sample data, learning a model using algorithms, and making predictions on new data. It can be categorized into classification, which deals with discrete output variables, and regression, which focuses on continuous output variables. Some algorithms can be adapted for both types, but evaluation methods differ, with classification using accuracy and regression using root mean squared error.

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Shahzaib Hassan
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6 views

Predictive Modelling

Predictive modeling involves three main aspects: collecting sample data, learning a model using algorithms, and making predictions on new data. It can be categorized into classification, which deals with discrete output variables, and regression, which focuses on continuous output variables. Some algorithms can be adapted for both types, but evaluation methods differ, with classification using accuracy and regression using root mean squared error.

Uploaded by

Shahzaib Hassan
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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PREDICTIVE

MODELLING
Predictive
modelling
3 aspects of predictive modeling:
1. Sample Data: the data that we collect
is the problem of that describes our problem with known
developing a relationships between inputs and outputs.
model using 2. Learn a Model: the algorithm that we use
historical data to on the sample data to create a model that
make a prediction we can later use over and over again.
on new data
where we do not 3. Making Predictions: the use of our
have the answer. learned model on new data for which we
don’t know the output.
Classification predictive
Classificati modeling is the task of
on approximating a mapping
Predictive
Modeling
function (f) from input
variables (X) to discrete
output variables (y).
Class or
categories
 A classification problem requires that examples be classified
into one of two or more classes.
 A classification can have real-valued or discrete input variables.
 A problem with two classes is often called a two-class or binary
classification problem.
 A problem with more than two classes is often called a multi-
class classification problem.
 A problem where an example is assigned multiple classes is
called a multi-label classification problem.

an email of text can be classified as


EXAMPLE belonging to one of two classes:
: “spam“ and “not spam“
Regression predictive
modeling is the task of
Regression approximating a mapping
predictive
modeling function (f) from input
variables (X) to a continuous
output variable (y).
 A regression problem requires the prediction of a
quantity.
 A regression can have real valued or discrete input
variables.
 A problem with multiple input variables is often called a
multivariate regression problem.
 A regression problem where input variables are ordered
by time is called a time series forecasting problem.

a house may be predicted to sell for


EXAMPLE a specific value, perhaps in the
: range of $300,000 to $350,000
modeling
Classification predictive
predictin predicting
ga a

regression predictive
discrete continuou
class s quantity
label

modeling
Some algorithms can be used for both classification and
regression with small modifications, such as decision
trees and artificial neural networks. Some algorithms
cannot, or cannot easily be used for both problem types,
such as linear regression for regression predictive
modeling and logistic regression for classification
predictive modeling.

Classification predictions can be evaluated using accuracy,


whereas regression predictions cannot.

Regression predictions can be evaluated using root mean


squared error, whereas classification predictions cannot.

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