3 D Statistical Learning

Applying AI and ML to Business Problems

Step by Step Procedure

  • Identify appropriate applications of AI and ML within a given business situation.
  • Identify and describe steps in an organized process to plan, build, and apply a machine learning model.
  • Formulate a machine learning approach to solve specific business problems.

Key Knowledge and Tips

  • Using a previous model as the basis for a new model describes transfer learning in the context of machine learning
  • Variety underscores the importance of considering unstructured sources of data in solving business problems
  • The stochastic nature of machine learning models implies that the same input can produce different outputs over multiple training sessions
  • A machine learning model is created by applying a machine learning algorithm to input data.