Comparing a CART model to Random Forest (Part 1)

I created my first simple regression model with my father in 8th standard (year: 2002) on MS Excel. Obviously, my contribution in that model was...

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Framework to build logistic regression model in a rare event population

Only 531 out of a population of 50,431 customer closed their saving account in a year, but the dollar value lost because of such closures...

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Trick to enhance power of Regression model

We, as analysts, specialize in optimization of already optimized processes. As the optimization gets finer, opportunity to make the process better gets thinner. One of...

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Extracting right variables for your Regression model

Getting the right variables in your model and cleaning them can make or break your model. The precision of the model depends on the breadth...

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Diagnosing residual plots in linear regression models

Assumptions of Linear Regression Model : There are number of assumptions of a linear regression model. In modeling, we normally check for five of the...

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