10 Machine Learning Algorithms every Data Scientist should know

An analytical model is a statistical model that is designed to perform a specific task or to predict the probability of a specific event. In layman terms, a model is simply a mathematical representation of a business problem. A simple equation y a bx can be termed as a model with a set of predefined data input and desired output. Yet, as the business problems evolve, the models grow in complexity as well. Modeling is the most complex part in the lifecycle of successful analytics implementation.