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Understanding the Principles for Building Predictive Models
Created: Sep 14, 2020 05:10 PM  |  Last Modified: Oct 25, 2023 03:09 PM
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Learn about:

  • Two approaches
    • Global - more stable, less flexible
    • Local - less stable, more flexible
  • Preventing overfitting
  • Linear Regression, Stepwise Regression, Generalized Regression, Penalized Regression
  • Decision Trees, Bootstrap Forests
  • Boosted Trees
  • Neural Networks
  • Importance of test sets and how to use them
  • Comparing and choosing models   

Note: This video uses JMP 14 and JMP Pro 14.

Comments
brae_pete
‎09-21-2021 12:22 PM

Nice overview! At around the 27 minute mark they start to give a basic overview/introduction to some of the different types of models. I found their explanations to be clear and concise of why to choose one model over the other. 

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