CAP Model Building Flashcards
Gain
Cumulative expected response using predictive model over expected response using random selection
Non-parametric modeling
A system where no set of factors can fully describe the system’s performance independent of observed data
Diagnostic modeling
A way to analyze data to identify business needs
iterative (agile) method
Method under which requirements and solutions evolve through the collaborative effort of self-organizing and cross-functional teams and their customer(s)/end user(s)
Prescriptive modeling
A way to analyze data to determine the best way to proceed in the future
Model
an abstraction that emphasizes certain aspects of reality to assess or understand the behavior of a system under study; the system may be physical, logical, mathematical, or some other representation of reality, such as an enterprise or some portion of one.
Model reliability
Ability of a model to produce consistent results
Parallel method
Method in which there is a need for separate development paths to diverge from a common starting point so that there is two or more concurrent “latest” configurations
Confusion matrix
A table with two rows and two columns that reports the number of false positives, false negatives, true positives, and true negatives
Proprietary code
Non-free computer software for which the software’s publisher or another person retains intellectual property rights—usually copyright of the source code, but sometimes patent rights
Automated modeling
Where a computer develops a representation of a process without the user describing the nature of the observed data
Steps in building predictive model
1) Understand the problem and data 2) Explore and clean the data 3) Feature extraction and/or selection 4) Model evaluation and selection 5) Model optimization 6) Interpretation of results and predictions
Predictive modeling
A way to use factors to forecast outcomes of events
Deterministic modeling
A descriptive or predictive model whose performance can be described without any random variation
Model extensibility
Ability of a model to be adapted to varying operation modes