Building a model is an iterative process that involves selecting a modeling technique and variables, executing the model, and diagnosing and comparing models. It depends on whether you use classic statistics or machine learning, and the type of technique. Most models consist of selecting variables and a technique, executing the model, and diagnosing and comparing it.
Building a model is an iterative process that involves selecting a modeling technique and variables, executing the model, and diagnosing and comparing models. It depends on whether you use classic statistics or machine learning, and the type of technique. Most models consist of selecting variables and a technique, executing the model, and diagnosing and comparing it.
Building a model is an iterative process that involves selecting a modeling technique and variables, executing the model, and diagnosing and comparing models. It depends on whether you use classic statistics or machine learning, and the type of technique. Most models consist of selecting variables and a technique, executing the model, and diagnosing and comparing it.
whether you go with classic statistics or the somewhat more recent machine learning school, and the type of technique you want to use. Either way, most models consist of the following main steps: 1 Selection of a modeling technique and variables to enter in the model 2 Execution of the model 3 Diagnosis and model comparison