Machine Learning is a vast subject that can often be confusing. This is why we’ve designed a Machine Learning Cheat Sheet to help you as the defacto guide. In this ML cheat sheet, you can find a helpful overview of the most popular machine learning models, along with information on their benefits and drawbacks.
The goal of predictive analytics is to make future predictions using previously obtained data. There are two stages to it:
- Develop a model from training examples during the training phase.
- The phase of prediction: Apply the model to forecast an upcoming or unknown result.
Machine Learning
A few helpful process maps and tables of machine learning algorithms are available. Only the most complete ones were selected for inclusion.
1. Supervised Learning
Models used in supervised learning seek to generalize patterns discovered in previously seen data on unseen data by mapping inputs to outputs. Regression models—where we attempt to forecast a continuous variable, such as stock prices—or classification models—where we attempt to predict a binary or multi-class factor, such as whether or not a customer would churn—are two examples of supervised learning models. We'll go through two well-liked supervised learning model categories in the section below: linear models and tree-based models.
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A Linear Model
In order to anticipate unknown data, linear models provide a best-fit line. According to linear models, outputs are just a linear combination of characteristics. We will outline the most popular linear regression models in machine learning, along with their benefits and drawbacks, in this section.
Regular Regression
A straightforward formula for simulating the linear relationship between an input and a continuous target output variable
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Applications
- Stock Price Forecast
- Estimating housing price trends
- Customer lifetime value forecasting
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Advantages
- Explicit procedure
- Results that can be understood by the output coefficient
- More quickly trained than alternative machine learning models
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Disadvantages
- Assumes that inputs and outputs are linear
- Observant of anomalies
- Can underfit with low-dimensional, small-scale data.
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Tree-based Models
To put it simply, tree-based models extrapolate predictions from decision trees using a set of "if-then" rules. We will outline the most popular linear models in machine learning, along with their benefits and drawbacks, in this section.
Decision Tree
Decision Tree models provide predictions by applying decision rules to the features. It can be applied to regression or classification.
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Applications
- Forecast for customer churn
- Modeling of credit scores
- Disease prognosis
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Advantages
- Explicit and comprehensible
- Accepts missing values
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Disadvantages
- Tendency to overfit
- Observant of anomalies
2. Unsupervised Learning
The goal of unsupervised learning is to identify broad trends in data. The most well-known illustration is the clustering or segmentation of users and customers. This kind of segmentation is generally applicable and has a wide range of applications, including for papers, businesses, and genomes. Clustering methods, which learn to group related data points together, and association algorithms, which combine various data points according to pre-established rules, are examples of unsupervised learning.
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Clustering Models
K-Means
The most popular clustering method is K-Means, which establishes K groupings based on euclidean distances.
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Applications
- Segmenting customers
- Systems of recommendations
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Advantages
- Supports big datasets
- Simple to use and understand
- Produces compact clusters
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Disadvantages
- Demands the anticipated number of clusters from the start
- Possesses issues with a range of cluster sizes and intensities
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Association
A rule-based method that uses prior knowledge of the characteristics of frequent item sets to identify the most itemsets in a given dataset
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Applications
- Product insertions
- Engine recommendations
- Optimization of advertising
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Advantages
- Results are perceptible and comprehensible
- Exhaustive technique since it uncovers all laws based on support and confidence
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Disadvantages
- Creates a lot of dull item sets
- Memory and computation-intensive.
- This leads to a lot of overlapping item sets
Our Learners Also Ask:
1. Can you list the top four machine learning challenges?
Machine learning faces four basic difficulties: struggling to maintain the data (using a model that is too complex), underfitting the data (using a model that is too simple), data scarcity, and unrepresentative sample data.
2. What questions ought I put to machine learning?
Top Interview Questions for Machine Learning
- What Kinds of Machine Learning Are There?
- What is overfitting and how can it be prevented?
- In a machine learning model, what do the terms "training Set" and "test Set" mean?
- How Should Missing or Invalid Data Be Handled in a Dataset?
3. What does a machine learning cheat sheet mean?
Choosing the ideal algorithm from the developer for a predictive analytics model is made easier with the Azure Machine Learning Algorithm Cheat Sheet. A vast library of algorithms from the classification, recommender systems, clustering, outlier detection, regression, and text processing families are available in Machine Learning.
4. What fundamental ideas underlie machine learning?
Supervised learning and unsupervised learning are the two primary subfields of machine learning. These two notions are more closely tied to what we want to accomplish with the data, despite the fact that it may look like the first pertains to prediction with human involvement and the second does not.
5. What does machine learning bias mean?
What does machine learning bias mean? The phenomenon of bias skews an algorithm's output in favor of or against a certain idea. The model of machine learning itself experiences bias as a result of false assumptions made throughout the ML process.
6. How does machine learning work?
Simply defined, machine learning enables users to send massive amounts of data into computer algorithms, which then analyze, recommend, and decide using only the supplied data.
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Want to Learn More?
Only a few of the most frequent expressions and actions that you will use while learning Python are included in this cheat sheet. If you're interested in learning more, you can enroll in Simplilearn's Machine Learning Course. This intensive Bootcamp has been designed to help you get started into the world of machine learning. Designed in collaboration with IBM, this program will cover important AI and ML topics such as Statistics, ML, neural networks, Natural Language Processing and Reinforcement Learning. Enroll now and get started!
