The biggest advantage of a regression-based model is that it has a “well-principled” understanding of problems and provides many kinds of regression models, unlike deep learning. Users can simply work through the flowchart and decide on the best type of regression model for their data.
Some other advantages of regression models include its “fast to fit” feature. This means that it is much faster to fit when compared to a neural network, especially “if you're working with a well-optimized library the Python regression libraries tend to vary wildly so you might want to do a little bit of shopping around”. It also works well with small data as Tatman affirmed that she has worked on eight dozen data points. She added that since regression models are easy to interpret, she was able to learn many useful and interesting things from the data.
A few drawbacks of regression models are that a bit more data preparation is needed than for some other methods. They also require validation as regression models are based on strong assumptions about the distribution of the data points or the distribution of the errors.
Tatman also proclaimed that if she were to use a single machine learning model for the rest of her life, it would be a mixed-effects regression model. Mixed-effects models are extensions of linear regression models for data that are collected and summarized in groups. It is mainly used to determine the expected or mean values of the subject population. She believes, “you need to do a little bit more hands-on stuff, you need to do your validation, you probably need to do some additional data cleaning,” however, it only takes some time to do a lot of computing in less money and data.
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The next model which has the ability to replace deep learning models is called the tree-based models works that similar to a decision tree. It checks each node for a feature and depending on the value of that feature, the user can decide the path to be followed. When going down a particular path, it again checks for nodes with a feature. In this way, it works recursively to cut down a decision region into smaller chunks. Tatman also notified that developers generally opt for a forests model, instead of a tree-based model. A random forest is an ensemble model that combines many different decision trees together into a single model.
Per Tatman, “If you're in the machine learning community you might actually associate random forests with Kaggle and from 2010 to 2016, about two-thirds of all Kaggle competition winners used random forests.” On the other hand, “less than half use some form of deep learning, also random forests continue to do very well today.”
In the case of classification of data, random forests deliver better performance than logistic regression. It also does not need a lot of data cleaning or model validation. Random forests also do not require a user to convert the categorical variables, it simply undertakes the values and provides a corresponding output. It also supports many easy to use packages like XG boost, LightGBM, CatBoost, and others. In short, regression trees are the most user-friendly model, especially when doing classification.
The drawbacks of trees/random forests are that they can easily overfit, it is also more sensitive to differences between datasets. It is less interpretable and requires more compute and training time when compared to regression models. Thus, tree-based models require little money but do need some data and time to train big data sets.
The last model, which according to Tatman can replace deep learning models is a common notation to group together a large group of methods like K-nearest neighbors, Gaussian Mixture models, and Support Vector machine. These models work with the basic idea that “points closer together to each other in a particular feature space are more likely to be in the same group.”
The K-nearest neighbor model decides the value of a point based on the nearest majority neighbors. The Gaussian mixture models utilizes any distribution of distribution points that are a mixture of different Gaussians. The support vector model tries to be as far away from all the data points as possible.
Distance-based models, particularly support vector models work very well with small data sets. They also tend to train 10 times faster than a regression model on the same data. In terms of accuracy, distance-based models lag behind other models, but in case of quick and dirty modeling, they perform better. They are good at data classification but are a little slower when compared to regression-based models. Consequently, distance-based models take very little time, requires very little money and are extremely lightweight.
To conclude, Tatman says that the choice of one’s model should depend on the kind of time and money, the individual or organization possesses. Also, the most vital point to choose a model depends on its performance. Tatman adds, “based on empirical evidence right now it looks like deep learning will perform the best on a given data set given sufficient time money and compute.” Watch Tatman’s full talk for a detailed comparison of the three models.
You can learn more about all the above machine learning models from our book, ‘Python Machine Learning By Example’ written by Yuxi (Hayden) Liu. The book will help you in implementing machine learning classification and regression algorithms from scratch in Python. Also, learn how to optimize the performance of a machine learning model for your application from our book.
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