Quant: A quant is short for quantitative analyst.
Definition of Unsupervised Learning Unsupervised Learning: Unsupervised learning is a type of machine learning algorithm that does not rely on feedback from humans to learn how to identify patterns in data. These algorithms are typically used to identify patterns in data that have not been labeled or categorized by humans.
A binomial distribution is a statistical distribution that gives the probability of a certain number of successes in a series of n independent Bernoulli trials.
Definition of Data Data is the plural of datum, which is a single piece of information. In data science, data refers to the large set of information that is collected and analyzed. This information can be in any form, including text, numbers, images, or binary code. Data science is the process of extracting insights from…
Definition of Feature Engineering Feature Engineering: Feature engineering is the process of transforming raw data into a form that is more amenable to analysis or machine learning. This can involve things like aggregating data, transforming variables, or creating new features from existing variables. Feature engineering is an important part of data science, as it can…
Ad Hoc Analysis is an exploratory analysis technique used to uncover patterns or relationships in a dataset. Often times this work is performed “Ad Hoc” or “On The Fly”… meaning it it done in the moment.
Definition of LASSO Lasso: A type of regression where the researcher deliberately chooses a subset of the independent variables for inclusion in the model. It is also known as the “Least Absolute Shrinkage and Selection Operator”, or “LASSO” for short. How is LASSO used? LASSO, or Least Absolute Shrinkage and Selection Operator, is an algorithm…