Question : In which of the scenario you can use the regression to predict the values 1. Samsung can use it for mobile sales forecast 2. Mobile companies can use it to forecast manufacturing defects 3. Probability of the celebrity divorce 4. Only 1 and 2 5. All 1 , 2 and 3
Correct Answer : 5
Explanation: Regression is a tool which Companies may use this for things such as sales forecasts or forecasting manufacturing defects. Another creative example is predicting the probability of celebrity divorce.
Question s: RMSE is a good measure of accuracy, but only to compare forecasting errors of different models for a ______, as it is scale-dependent 1. Between Variables 2. Particular Variable 3. Among all the variables 4. All of the above are correct
Correct Answer : 2 The RMSE serves to aggregate the magnitudes of the errors in predictions for various times into a single measure of predictive power. RMSE is a good measure of accuracy, but only to compare forecasting errors of different models for a particular variable and not between variables, as it is scale-dependent.
Question : You are creating a Classification process where input is the income, education and current debt of a customer, what could be the possible output of this process. 1. Probability of the customer default on loan repayment 2. Percentage of the customer loan repayment capability 3. Percentage of the customer should be given loan or not 4. The output might be a risk class, such as "good", "acceptable", "average", or "unacceptable". 5. All of the above
Correct Answer : 4
Classification is the process of using several inputs to produce one or more outputs. For example the input might be the income, education and current debt of a customer. The output might be a risk class, such as "good", "acceptable", "average", or "unacceptable". Contrast this to regression where the output is a number, not a class.
1. It is a way of identifying patterns in data 2. expressing the data in such a way as to highlight their similarities and differences 3. Access Mostly Uused Products by 50000+ Subscribers 4. Only 1 and 3 5. All 1,2 and 3