8 - Pulling it Together Flashcards
What new division was Steve transferred to after his success in the Fraud Department?
Consumer real estate business
Shu Financial aimed to buy, renovate, and rent used homes.
What is the primary business model for Shu Financial’s new venture?
Buy used homes, renovate them, and rent them out
The business could also make money by selling homes if they appreciated in value.
Who is Jerry, and what is his role in the Real Estate Division?
Runs operations and has a hybrid skill set in business development and data science
He is expected to be a rising star at Shu Financial.
What methodologies did Steve need to use in his new role?
Different methodologies that he hadn’t previously used in other rotations
This included gaining business-specific knowledge about real estate.
What did Charissa refer to Steve’s new opportunity as?
‘Pulling it together’ opportunity
It involved leveraging past knowledge and building new skills.
What was Jerry’s advice regarding the use of AI?
Focus on solving problems rather than getting caught up in buzzwords
He emphasized understanding AI as having computers perform tasks that typically require human intelligence.
Define deep learning.
Involves neural networks with many layers of processing
Different layers serve different functions, such as identifying edges in images.
What is autoencoding in neural networks?
A clever application where the input is the same as the output
It is used to compress data and understand important features.
What key variable drives the financial model for Shu Financial’s real estate business?
Future rental price
Other inputs have limited variability and can be managed with existing models.
How is the future rental price currently estimated?
Using an off-the-shelf solution from specialized companies
These solutions are often expensive and not very accurate.
What data sources did Steve identify for estimating rental prices?
- Real estate listings
- Neighborhood-level information
- Government data sources
- Home descriptions
- Photos from sellers
These sources can provide critical information for model building.
What is natural language processing (NLP)?
An application of AI focusing on understanding and analyzing human language
It deals with written or spoken communications rather than structured data.
List some applications of NLP.
- Speech recognition
- Automatic language translation
- Intelligent searching
- Spam filters
- Sentiment analysis
- Chatbots
NLP has a vast range of applications across different fields.
What is the first step in the data cleaning process for NLP?
Data usually undergoes some form of a cleaning process
The cleaning process varies depending on the problem being solved.
What does sentiment analysis involve?
Analyzing feedback to identify positive or negative sentiments
It can be applied to reviews of rental properties among other uses.
True or False: Jerry believes that deep learning is the best solution for every problem.
False
He advised to solve problems first and not just run to buzzwords.
Fill in the blank: The goal of AI is to create a _______ system that can solve complex problems.
smart computer
AI aims to replicate human-like problem-solving abilities.
What should Steve focus on when working with NLP according to Jerry?
Understand NLP beyond simple text search
He should prepare precise requests and requirements for the data science team.
What did Steve prepare for the blue sky session?
A discussion guide summarizing rental price modeling research
He included key questions about features influencing rental prices and potential data sources.
What is the first step in data preprocessing?
Data cleaning process.
Why might you retain certain symbols like $ in data cleaning?
They are critically important for problems involving multiple currencies.
What is tokenization in NLP?
Converts sentences into individual words called tokens.
What are stop words?
Common words with little distinguishing value in predictive analysis.
What is stemming?
Reduces words to their root form.