Errors of Regression Models: Bite-Size Machine Learning, #1
By Lee Baker
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About this ebook
Sometimes, learning about statistics can be a bit like peering into a crystal ball. You think you've got it, only to read one more article/paper/blog, and suddenly it's as clear as mud again, and you're further away from the answer than when you first started.
Choosing the correct statistic to use in any given situation can seem like a daunting task at times. When there are numerous possible statistical calculations you can do with your data, there is not usually one correct answer – in most cases there is a spectrum of approaches, some of which are more appropriate than others.
In Errors of Regression Models you'll learn how to choose the most appropriate statistics to measure the accuracy of your regression-based prediction model.
You'll discover that there is a family of related statistics, each member of which has their own set of dedicated fans.
Nevertheless, in this case there is one correct statistic to use, while all the other measures – while useful in their own way – give only partial answers as to how to select the most accurate predictive model.
Each of these family members will be introduced, and Errors of Regression Models will explain all their advantages and disadvantages, and show you precisely how to calculate and interpret all of them. Finally, Errors of Regression Models will explain exactly why one particular family member is The Daddy!
Written in plain English with no technical jargon, Errors of Regression Models is perfect for beginners!
Discover how to measure the accuracy of your regression models quickly and effectively. Get this book, TODAY!
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Errors of Regression Models - Lee Baker
Introduction
C:\Users\Lee\Google Drive\CSI Staff Folder\Websites\CSI Website\CSI eBooks\Bite-Size ML Series\1. Errors of Regression Models\Edition 1\Images\Crystal Ball 2.png***
There’s something coming through...
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Gah!!! It’s gone!
Sometimes, learning about statistics can be a bit like peering into a crystal ball. You think you’ve got it, only to read one more article/paper/blog, and suddenly it’s as clear as mud again, and you’re further away from the answer than when you first started.
MaxBG1001 on his blog says it’s one thing, but Sk8rBoi on TwitFace insists it’s something else – and they both have perfectly plausible explanations as to why they’re both right. RazrButt and VanillaCupCake are saying something different again, and they sound like they know what they’re talking about too!
Aaaggghhh – I’m so confused!
Choosing the correct statistic to use in any given situation can seem like a daunting task at times. When there are numerous possible statistical calculations you can do with your data, is there one answer that is correct, while all others are incorrect?
Not usually.
When you realise that there are about a dozen different ways to calculate the average value – and they’re all wrong – it tends to give you a bit of perspective about statistics.
So here are two things that will help you find your Zen:
Statistics is more like a cleaver than a laser scalpel
There