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  • 09 Conclusions

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    Valerio Zarrelli
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    1. While machine learning approaches are often better at prediction than statistical learning, machine learning models can be "black boxes" that are difficult to explain or interpret. 2. Machine learning approaches do not always work better than human prediction. 3. The real revolution is the availability of large data sets and increased computational power, not any single machine learning or statistical learning technique. Every objective function has limitations.

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    1. While machine learning approaches are often better at prediction than statistical learning, machine learning models can be "black boxes" that are difficult to explain or interpret. 2. Machine learning approaches do not always work better than human prediction. 3. The real revolution is the availability of large data sets and increased computational power, not any single machine learning or statistical learning technique. Every objective function has limitations.

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    7 views3 pages

    09 Conclusions

    Uploaded by

    Valerio Zarrelli
    1. While machine learning approaches are often better at prediction than statistical learning, machine learning models can be "black boxes" that are difficult to explain or interpret. 2. Machine learning approaches do not always work better than human prediction. 3. The real revolution is the availability of large data sets and increased computational power, not any single machine learning or statistical learning technique. Every objective function has limitations.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Conclusions

    Alessio
    Farcomeni

    Conclusions
    Big Data for Economic Applications

    Alessio Farcomeni
    University of Rome “Tor Vergata”

    alessio.farcomeni@uniroma2.it
    Myths

    Conclusions

    Alessio
    Farcomeni

    1 Machine learning approaches are better at prediction than


    statistical learning ones
    2 Machine learning approaches are black boxes that can not
    be explained or interpreted
    3 Machine learning approaches work better than human
    prediction
    Facts

    Conclusions

    Alessio
    Farcomeni

    The real revolution is the availability of large data sets and


    computational power
    Every objective function is a bad objective function

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