May 29, 2019

Introduction

  • What is Predictive Analytics?
  • Why ‘caret’ and ‘parsnip’ in R?

Predictive Analytics

  • One of the reasons why we collect data
  • By being able to understand the process of the past we can predict the future with better accuracy
  • We can use statistics, machine learning, AI..
  • In fact there are quite a lot of similarities across the tree :)

Predictive Analytics

Courtesy: William M. Briggs

Courtesy: William M. Briggs

‘caret’

  • Developed by Max Kuhn and Co.
  • Allows to fit up to 238 different models!
  • Easy to implement, check your results and get some visualisations too
  • Plenty of resources online (check this one here)
  • A book as well if you want to learn more about modelling