Predictive Analytics and Model Deployment
1 Predictive Analytics and Model Deployment
Introduction to Predictive Modeling
Regression Models
Classification Models
Machine Learning Workflow
Model Evaluation Metrics
Model Deployment Strategies
Monitoring and Maintenance
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Introduction to Predictive Modeling
Definition: Using historical data to predict future outcomes
Key Components:
Target Variable: What we want to predict
Features: Variables used to make predictions
Algorithm: Method used to learn patterns from data
Model: Result of applying the algorithm to the data
Types of Predictive Modeling:
Regression: Predicting continuous values
Classification: Predicting categorical outcomes
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Regression Models
Linear Regression:
Formula: y = β0 + β1 x1 + ... + βn xn + ϵ
Assumptions: Linearity, Independence, Homoscedasticity, Normality
Polynomial Regression: For non-linear relationships
Multiple Regression: Using multiple features
Regularization Techniques:
Lasso (L1): Feature selection
Ridge (L2): Handling multicollinearity
Elastic Net: Combination of L1 and L2
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Classification Models
Logistic Regression: For binary outcomes
Decision Trees: Rule-based approach
Random Forests: Ensemble of decision trees
Support Vector Machines (SVM): Finding the optimal hyperplane
K-Nearest Neighbors (KNN): Based on proximity in feature space
Neural Networks: Deep learning approach
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Machine Learning Workflow
1 Data Collection and Preprocessing
2 Feature Engineering and Selection
3 Model Selection
4 Model Training
5 Model Evaluation
6 Hyperparameter Tuning
7 Model Validation
8 Model Deployment
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Model Evaluation Metrics
For Regression:
Mean Squared Error (MSE)
Root Mean Squared Error (RMSE)
Mean Absolute Error (MAE)
R-squared (R 2 )
For Classification:
Accuracy
Precision and Recall
F1 Score
ROC Curve and AUC
Confusion Matrix
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Model Deployment Strategies
Batch Deployment: Periodic predictions
Real-time Deployment: Immediate predictions
Edge Deployment: On-device predictions
Deployment Platforms:
Cloud Services (AWS, Google Cloud, Azure)
Containerization (Docker)
Model Serving Frameworks (TensorFlow Serving, MLflow)
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Monitoring and Maintenance
Model Performance Monitoring:
Tracking prediction accuracy over time
Detecting concept drift
Data Quality Monitoring:
Ensuring input data consistency
Handling missing or corrupt data
System Health Monitoring:
Resource utilization (CPU, memory, disk)
Response times and throughput
Model Retraining and Updating:
Scheduled retraining
Incremental learning
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