What Are
Ensemble
Methods?
Ensemble methodscombine multiple“weak”
models to create a stronger, more accurate model.
Types:
Random Forests: Builds multiple decision trees
with different subsets of data.
Gradient Boosting: Sequentially builds models,
where each corrects the errors of the previous one.
3.
Random
Forests
Concept:
• Random Forestsconsist of multiple decision
trees trained on random subsets of data and
features.
• Final prediction is made by averaging (for
regression) or majority vote (for classification).
Key Feature: The randomness helps
reduce overfitting by lowering model
variance.
4.
Gradient
Boosting
Concept:
Gradient Boosting buildsmodels sequentially, with
each new model correcting the errors made by the
previous ones.
It optimizes performance through gradual
improvements in the error function.
Popular Variants: XGBoost, LightGBM, and
CatBoost.
5.
Application of
Ensemble Methods
•Example: Customer Churn Prediction
• Scenario: A company uses ensemble
methods to predict customer churn,
identifying customers who are likely to
leave the service.
• Why Ensemble Methods?: Combining
weak models improves accuracy by
capturing diverse decision patterns,
leading to better predictions.
• Outcome: Enhanced accuracy in
identifying customers at risk of churning,
improving retention strategies.
6.
Strengths and
Limitations of
Ensemble
Methods
Strengths:
Accuracy:Higher accuracy compared to individual models.
Robustness: Reduced overfitting, especially with Random
Forests.
Versatility: Can handle a variety of data types, including
structured/tabular data.
Limitations:
Complexity: Higher computational cost due to training multiple
models.
Interpretability: Less interpretable compared to simpler models
like decision trees or linear models.
7.
Support
Vector
Machines
(SVM)
Definition: SVM isa machine learning
model that finds the optimal
hyperplane to separate different
classes in a dataset.
Key Idea: The hyperplane maximizes
the margin between different classes
(for classification) or fits a margin
around data points (for regression).
8.
SVM for
Classification
Concept:
In classification,SVM finds the hyperplane that
separates the data into classes with the largest
possible margin.
Support Vectors: Data points that lie closest to
the hyperplane, defining the margin.
Kernel Trick: Allows SVM to handle non-linear
separations by mapping the data into higher
dimensions where it becomes linearly separable.
9.
SVM for
Regression
Concept:
Instead ofpredicting exact values, SVM
regression fits a margin around the predicted
function with a certain tolerance level
(epsilon).
The model aims to minimize prediction error
while keeping the data points within the
margin.
10.
Application of
SVM
Example: FraudDetection
Scenario: A financial institution uses SVM to
detect fraudulent transactions based on
transaction patterns.
Why SVM?: Effective in high-dimensional spaces,
where patterns of fraud might not be linearly
separable.
Outcome: Improved accuracy in classifying
transactions as fraudulent or non-fraudulent, even
with limited training data.
11.
Strengths and
Limitations of
SVM
Strengths:
High-DimensionalData: SVM performs well when there are more
features than samples.
Kernel Trick: Makes SVM adaptable to different types of data
distributions (linear or non-linear).
Robustness: Works well even with complex, non-linearly
separable data.
Limitations:
Large Datasets: SVM becomes computationally expensive as the
dataset size increases.
Parameter Tuning: Requires careful tuning of hyperparameters
(e.g., kernel, C, gamma) for optimal performance.
12.
Key
Takeaways
Ensemble Methods:
• Combinemultiple models (Random
Forests, Gradient Boosting) to improve
prediction accuracy and reduce overfitting.
• Effective for applications like customer
churn prediction.
SVM:
• Finds the optimal boundary (hyperplane) for
classification and regression tasks.
• Effective in high-dimensional data but
sensitive to large datasets.