Question : Suppose you have made a model for the rating system, which rates between to stars. And you calculated that RMSE value is 1.0 then which of the following is correct 1. It means that your predictions are on average one star off of what people really think 2. It means that your predictions are on average two star off of what people really think 3. It means that your predictions are on average three star off of what people really think 4. It means that your predictions are on average four star off of what people really think
Correct Answer : 1
Explanation:
Question : You are creating a regression model with the input income, education and current debt of a customer, what could be the possible output from this model. 1. Customer fit as a good 2. Customer fit as acceptable or average category 3. expressed as a percent, that the customer will default on a loan 4. 1 and 3 are correct 5. 2 and 3 are correct
Correct Answer : 3
Explanation: Regression 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 the probability, expressed as a percent that the customer will default on a loan. Contrast this to classification where the output is not a number, but a class.
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.