Premansh Sharma

Premansh Sharma

67 Articles Published

Articles by Premansh Sharma

Page 2 of 7

Primary and Secondary Prompt in Python

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 1K+ Views

Introduction Primary and secondary prompts, which ask users to type commands and communicate with the interpreter, make it possible for this interactive mode. The primary prompt, typically denoted by >>>, signifies that Python is ready to receive input and execute the corresponding code. Understanding the role and functionality of these prompts is essential for harnessing the power of Python's interactive programming capabilities. We will discuss the main and secondary prompts in Python in this post, emphasizing their importance and how they enhance the interactive programming experience. We will look at their function, formatting choices, and advantages in terms ...

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Box-Cox Transformation in Regression Models Explained

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 2K+ Views

Introduction A popular statistical method for comprehending and simulating the connections between variables is regression analysis. The dependent variable is frequently assumed to have a normal distribution, though. The accuracy and dependability of the regression model may be jeopardized if this assumption is broken. The Box−Cox transformation offers a potent method for changing skewed or non−normal dependent variables to resemble a normal distribution in order to overcome this issue. We shall examine the Box−Cox transformation theory and use it in regression models in this post. We'll look at the transformation's justification and how it helps to satisfy the ...

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Ideal Evaluation Approaches to Gauge Machine Learning Models

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 349 Views

Introduction Evaluating machine learning models is a crucial step to determine their performance and suitability for specific tasks. There are several evaluation approaches that can be used to gauge machine learning models, depending on the nature of the problem and the available data. Evaluation Approaches Here are some ideal evaluation approaches commonly used in machine learning: Train/Test Split This strategy aims to imitate real−world situations where the model comes upon fresh, unexplored data. We may determine how effectively a model generalizes to unobserved instances by training it on the training set and then evaluating how ...

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The Problem with Multicollinearity

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 299 Views

Introduction Multicollinearity, a phenomenon characterized by high correlation or linear dependence between predictor variables, poses significant challenges in regression analysis. This article explores the detrimental effects of multicollinearity on statistical models, focusing on issues such as unreliable coefficient estimates, reduced model interpretability, increased standard errors, and inefficient use of variables. We delve into the consequences of multicollinearity and discuss potential solutions to mitigate its impact. By understanding and addressing multicollinearity, researchers, and practitioners can improve the accuracy, reliability, and interpretability of regression models, enabling more robust analysis and informed decision−making. Problems with Multi−Collinearity Unreliable coefficient estimates Because ...

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What is Loss Function in Data Science

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 553 Views

Introduction A loss function, often referred to as a cost function or an error function, is a metric used in data science to assess how well predictions made by a machine learning model match the actual values or goals in the training data. It quantifies the difference between real and predicted values and offers a single scalar number that exemplifies the model's effectiveness. Problems with Multi−Collinearity n is the number of data points in the dataset. y represents the true values of the target variable. ŷ represents the predicted values generated by the regression model. The choice of ...

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How to Evaluate a Logistic Regression Model?

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 4K+ Views

Introduction Logistic regression is a prominent statistical approach for predicting binary outcomes such as disease presence or absence or the success or failure of a marketing effort. While logistic regression may be an effective method for predicting outcomes, it is critical to assess the model's performance to verify that it is a good match for the data. There are various ways for assessing the performance of a logistic regression model, each with its own set of advantages and disadvantages. This article will go through the most popular methods for assessing logistic regression models, such as the confusion ...

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The Right Cross-Validation Technique for Time Series Dataset

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 717 Views

Introduction Whenever working with time series data, it is critical to employ a cross−validation approach that accounts for the data's temporal ordering. This is because time series data displays autocorrelation, which means that the values of the data points are connected with their prior values. As a result, unlike in many other machine learning applications, the data cannot be deemed independent and identically distributed (iid). The standard k−fold cross−validation technique, which splits the data into k−folds at random and trains the model on k−1 folds before testing it on the remaining fold, is inadequate for time series data. ...

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One Hot Encoding and Label Encoding Explained

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 5K+ Views

Introduction Categorical variables are extensively utilized in data analysis and machine learning. Many algorithms are incapable of directly processing these variables, and they must be encoded or translated into numerical data before they can be used. Hot encoding and label encoding are two popular methods for encoding categorical data. One hot encoding provides a binary vector for each category in a categorical variable, indicating whether that category exists or not. We will discuss the ideas of one hot encoding and label encoding, as well as their advantages and disadvantages, and present examples of when and how to ...

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Why Ordinary Least Square (OLS) is a Bad Option to Work With?

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 1K+ Views

Introduction Ordinary least squares is a well−liked and often used method for linear regression analysis (OLS). For data analysis and prediction, however, it is not always the best option. OLS has several limitations and presumptions that, if not properly addressed, might provide biased and false results. The drawbacks and restrictions of OLS will be covered in this article, along with some reasons why it might not be the ideal choice for all datasets and applications. We will also look at additional regression analysis approaches and methodologies that can get around OLS's drawbacks and deliver more accurate and trustworthy findings. ...

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Methods to Select Important Variables from a Dataset

Premansh Sharma
Premansh Sharma
Updated on 24-Jul-2023 1K+ Views

Introduction Moment's big data period requires a dependable and effective approach to opting for important variables from datasets. With so numerous functions available, it can be delicate to identify which bone has the most impact on the target variable. opting for only the most important variables improves model performance, improves model interpretability, and reduces the threat of overfitting. This composition describes numerous ways to remove important variables from your dataset. We'll go through both basic statistical approaches like univariate feature selection and regularization, as well as more sophisticated techniques like PCA and feature importance ...

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