Regression Prediction using AWS Machine Learning
Very interesting article.I'd like to add that from a risk management perspective the median is not the only relevant quantile. Here, also best and - especially worst - cases like the 5% and 95% are important. I did not see anything like that in ML yet, but I suppose the information could easily be obtained from the residuals. This quantile information is (still) the most important one for banks and insurers when they calculate figures like Value at Risk and Economic Capital and should be also useful for everyone who wants to minimize risks.
Mar-27-2016, 16:00:13 GMT
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