Difference between Machine Learning

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1、DifferencebetweenMachineLearning&StatisticalModelingOneofthemostcommonquestion,whichgetsaskedatvariousdatascienceforumsis:WhatisthedifferencebetweenMachineLearningandStatisticalmodeling?Ihavebeendoingresearchforthepast2years.Generally,ittakesmenotmorethana

2、daytogetclearanswertothetopicIamresearchingfor.However,thiswasdefinitelyoneofthehardernutstocrack.WhenIcameacrossthisquestionatfirst,Ifoundalmostnoclearanswerwhichcanlayouthowmachinelearningisdifferentfromstatisticalmodeling.Giventhesimilarityintermsoftheo

3、bjectivebothtrytosolvefor,theonlydifferenceliesinthevolumeofdatainvolvedandhumaninvolvementforbuildingamodel.HereisaninterestingVenndiagramonthecoverageofmachinelearningandstatisticalmodelingintheuniverseofdatascience(Reference:SASinstitute)Inthisarticle,I

4、willtrytobringoutthedifferencebetweenthetwotothebestofmyunderstanding.Iencouragemoreseasonedfolksofthisindustrytoaddontothisarticle,tobringoutthedifference.Beforewestart,let’sunderstandtheobjectivebehindwhatwearetryingtosolveforusingeitherofthesetools.Thec

5、ommonobjectivebehindusingeitherofthetoolsisLearningfromData.Boththeseapproachesaimtolearnabouttheunderlyingphenomenabyusingdatageneratedintheprocess.Nowthatitisclearthattheobjectivebehindeitheroftheapproachesissame,letusgothroughtheirdefinitionanddifferenc

6、es.Beforeyouproceed:MachinelearningbasicsforanewbieDefinition:Let’sstartwithasimpledefinitions:MachineLearningis…analgorithmthatcanlearnfromdatawithoutrelyingonrules-basedprogramming.StatisticalModellingis…formalizationofrelationshipsbetweenvariablesinthef

7、ormofmathematicalequations.Forpeoplelikeme,whoenjoyunderstandingconceptsfrompracticalapplications,thesedefinitionsdon’thelpmuch.So,let’slookatabusinesscasehere.ABusinessCaseLetusnowseeaninterestingexamplepublishedbyMcKinseydifferentiatingthetwoalgorithms:C

8、ase:UnderstandtherisklevelofcustomerschurnoveraperiodoftimeforaTelecomcompanyDataAvailable:TwoDrivers–A&BWhatMcKinseyshowsnextisanabsolutedelight!Juststareatthebelowgraphtounderstandthedifferencebetweenastati