Isye 6501 step 2 Study guides, Class notes & Summaries

ISYE 6501 – original set Mid term 2 A+ Pass Revised 2023//2024 when might overfitting occur when the # of factors is close to or larger than the # of data points causing the model to potentially fit too closely to random effects Why are simple models better than complex ones less data is required; less chance of insignificant factors and easier to interpret what is forward selection we select the best new factor and see if it's good enough (R^2, AIC, or p-value) add it to our mo...

ISYE 6501 Midterm EXAM QUESTIONS AND SOLUTIONS LATEST UPDATE 2023/2024 Factor Based Models classification, clustering, regression. Implicitly assumed that we have a lot of factors in the final model Why limit number of factors in a model? 2 reasons overfitting: when # of factors is close to or larger than # of data points. Model may fit too closely to random effects simplicity: simple models are usually better Classical variable selection approaches 1. Forward selection 2. Backwa...

ISYE 6501 -Exam 2 QUESTIONS WITH 100% VERIFIED SOLUTIONS LATEST UPDATE 2023/2024 Building simpler models with fewer factors helps avoid which problems? A. Overfitting B. Low prediction quality C. Bias in the most important factors D. Difficulty in interpretation - ANSWER A. Overfitting D. Difficulty of interpretation Two main reasons to limit # of factors in a model. - ANSWER 1. Overfitting 2. Simplicity When is overfitting likely to happen? - ANSWER When the number of factors i...

ISYE 6501 - Midterm 2 EXAM QUESTIONS WITH VERIFIED SOLUTIONS 100% LATEST UPDATE When might overfitting occur - ANSWER when the # of factors is close to or larger than the # of data points causing the model to potentially fit too closely to random effects Why are simple models better than complex ones - ANSWER less data is required; less chance of insignificant factors and easier to interpret What is forward selection - ANSWER we select the best new factor and see if it's good ...

ISYE 6501 Midterm 2 Part 1 Latest 2023 Rated A greedy algorithm at each step, the algorithm does the thing that looks best without taking future options into consideration; more classical variable selection methods stepwise - (forward, backward, combination) lasso elastic net available metrics for variable selection criteria p-value r2 AIC / BIC lasso Giving regression a budget to use on coefficients which it uses on most important coefficients Have to scale first elastic net constrain combi...

ISYE 6501 Midterm Quiz 1 with all the Correct Answers Course Midter… Step 2: … Step 2: … Step 2: Midterm Quiz 1 - GT Students (Launch Proctortrack first before taking the Midterm Quiz 1) 95 Minute Time Limit Instructions Work alone. Do not collaborate with or copy from anyone else. You may use any of the following resources: One sheet (both sides) of handwritten (not photocopied or scanned) notes If any question seems ambiguous, use the most reasonable interpretati...

ISYE 6501 Final PRACTICE EXAM (QUESIONS AND ANSWERS) Factor Based Models - CORRECT ANSWER-classification, clustering, regression. Implicitly assumed that we have a lot of factors in the final model Why limit number of factors in a model? 2 reasons - CORRECT ANSWER-overfitting: when # of factors is close to or larger than # of data points. Model may fit too closely to random effects simplicity: simple models are usually better Classical variable selection approaches - CORRECT ANSWER-1....

ISYE 6501 -Exam 2 QUESTIONS WITH 100% VERIFIED SOLUTIONS LATEST UPDATE 2023/2024 Building simpler models with fewer factors helps avoid which problems? A. Overfitting B. Low prediction quality C. Bias in the most important factors D. Difficulty in interpretation - ANSWER A. Overfitting D. Difficulty of interpretation Two main reasons to limit # of factors in a model. - ANSWER 1. Overfitting 2. Simplicity When is overfitting likely to happen? - ANSWER When the number of factors i...

ISYE 6501 Midterm Quiz 1 with all the Correct Answers Course Midter… Step 2: … Step 2: … Step 2: Midterm Quiz 1 - GT Students (Launch Proctortrack first before taking the Midterm Quiz 1) 95 Minute Time Limit Instructions Work alone. Do not collaborate with or copy from anyone else. You may use any of the following resources: One sheet (both sides) of handwritten (not photocopied or scanned) notes If any question seems ambiguous, use the most reasonable interpretatio...

ISYE-6501 Exam 1 QUESTIONS & CORRECT ANSWERS Algorithm - ANSWER a step-by-step procedure designed to carry out a task Change Detection - ANSWER Identifying when a significant change has taken place Classification - ANSWER Separation of data into two or more categories Classifier - ANSWER A boundary that separates data into two or more categories Cluster - ANSWER A group of points that are identified as being similar or near each other Cluster Center - ANSWER In some clustering ...