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Data Science for Decision Makers

You're reading from   Data Science for Decision Makers Enhance your leadership skills with data science and AI expertise

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Product type Paperback
Published in Jul 2024
Publisher Packt
ISBN-13 9781837637294
Length 270 pages
Edition 1st Edition
Languages
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Author (1):
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Jon Howells Jon Howells
Author Profile Icon Jon Howells
Jon Howells
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Table of Contents (20) Chapters Close

Preface 1. Part 1: Understanding Data Science and Its Foundations
2. Chapter 1: Introducing Data Science FREE CHAPTER 3. Chapter 2: Characterizing and Collecting Data 4. Chapter 3: Exploratory Data Analysis 5. Chapter 4: The Significance of Significance 6. Chapter 5: Understanding Regression 7. Part 2: Machine Learning – Concepts, Applications, and Pitfalls
8. Chapter 6: Introducing Machine Learning 9. Chapter 7: Supervised Machine Learning 10. Chapter 8: Unsupervised Machine Learning 11. Chapter 9: Interpreting and Evaluating Machine Learning Models 12. Chapter 10: Common Pitfalls in Machine Learning 13. Part 3: Leading Successful Data Science Projects and Teams
14. Chapter 11: The Structure of a Data Science Project 15. Chapter 12: The Data Science Team 16. Chapter 13: Managing the Data Science Team 17. Chapter 14: Continuing Your Journey as a Data Science Leader 18. Index 19. Other Books You May Enjoy

Interpreting and Evaluating Machine Learning Models

The promise and potential of machine learning systems to create systems that can make decisions without the need for hardcoded rules or heuristics is huge. However, this promise is often far from straightforward to fulfil, and in developing machine learning models or leading teams who develop machine learning models, great care needs to be taken to ensure their accuracy and reliability.

In this chapter, we will explore how to interpret and evaluate different machine learning models.

This is one of, if not the most important skill you can have in your toolkit as a decision-maker working on data science projects.

While it can be convenient to allow data scientists to evaluate their own models and “mark their own homework,” this is a risky decision to make and will, invariably, eventually lead to problems.

This chapter covers the following topics:

  • How do I know whether this model will be accurate?
  • ...
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