Overfitting - Study guides, Class notes & Summaries

ISYE 6501 Final Exam Questions and Answers 100% Pass 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. Backwards elimination 3. Stepwise reg...

5 steps to building a machine learning model - 1. choosing a class of model 2. choose hyperparameters 3. arrange data 4. fit the model 5. predict a silhouette score of 1 is the [best/worst] and -1 is the [best/worst] score - best, worst basic idea of regression - we have some X values called features and some Y value, the variable we are trying to predict Difference between unsupervised and supervised learning - unsupervised: you have an X but no Y supervised: you have an X and a Y Ima...

CAIA Level I Exam 2023 5th percentile vs 25th percentile performance - CORRECT ANSWER-5th percentile managers outperform in every comparison BUT 25th percentile managers' performance is more volatile --> even if 25th percentile managers outperform they tend to mean revert --> demonstrates the perils of choosing managers based on historical performance alternative asset performance evaluation - CORRECT ANSWER-unlike in traditional assets, alpha is difficult to define in alterna...

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...

OMSA Midterm 2 Question and answers rated A+ 2023/2024Overfitting - correct answer Number of factors is too close to or larger than number of data points -- fitting to both real effects and random effects. Comes from including too many variables! Ways to avoid overfitting - correct answer - Need number of factors to be same order of magnitude as the number of points - Need enough factors to get good fit from real effects and random effects Simplicity - correct answer Simple models are bet...

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 Questions Exam 2. 100% Accurate. Graded A+ Overfitting If you have less data than features, what is likely to occur? Fitting random effects What can too many factors lead to? Simple Models Reducing variables will result in

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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 ...

OMSA Midterm 2 Exam Questions and Answers 100% Pass Overfitting - Answer- Number of factors is too close to or larger than number of data points -- fitting to both real effects and random effects. Comes from including too many variables! Ways to avoid overfitting - Answer- - Need number of factors to be same order of magnitude as the number of points - Need enough factors to get good fit from real effects and random effects Simplicity - Answer- Simple models are better than complex. When...