Statistics
Definition of Statistics
Statistics: Statistics is the practice of collecting, analyzing, and drawing conclusions from data.
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Decision
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Definition of Decision Decision: A decision is a choice that is made between two or more possibilities. What are Decisions used for? Decisions are used to make choices or reach conclusions. They are a crucial part of the data science and machine learning process, since they allow us to make decisions based on information collected…
Interactive
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Definition of Interactive Interactive: Interactive refers to a mode of data analysis that allows the user to make changes to the data and see the results immediately. This is in contrast to a more traditional mode of data analysis, where the user makes changes to a model and then observes the results. What are the…
Vector Space Model
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Definition of Vector Space Model Vector Space Model: A vector space model is a mathematical model used in statistics, data mining, and machine learning to describe a set of objects in terms of their attributes and relationships between them.
Machine Learning Model
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Definition of Machine Learning Model A machine learning model is a representation of the data that is learned by a machine learning algorithm. The model can be used to predict the outcomes of future events, based on the data that is used to train the model. How is Machine Learning Model used? A Machine Learning…
Latent Class Analysis
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Definition of Latent Class Analysis Latent Class Analysis: A technique used to identify unobserved (latent) classes within a population. How is a Latent Class Analysis used? Latent Class Analysis (LCA) is a statistical technique used to identify latent classes within data sets. These latent classes are clusters of data points with similar characteristics, which can…