What is Statistical Learning? 25 25 25 20 20 20 Sales 15 - PowerPoint PPT Presentation

Nov 22, 2023 •221 likes •532 views

What is Statistical Learning? 25 25 25 20 20 20 Sales 15 Sales 15 Sales 15 10 10 10 5 5 5 0 50 100 200 300 0 10 20 30 40 50 0 20 40 60 80 100 TV Radio Newspaper Shown are Sales vs TV , Radio and Newspaper , with

What is Statistical Learning? 25 25 25 20 20 20 Sales 15 Sales 15 Sales 15 10 10 10 5 5 5 0 50 100 200 300 0 10 20 30 40 50 0 20 40 60 80 100 TV Radio Newspaper Shown are Sales vs TV , Radio and Newspaper , with a blue linear-regression line fit separately to each. Can we predict Sales using these three? Perhaps we can do better using a model Sales ≈ f ( TV , Radio , Newspaper ) 1 / 30
Notation Here Sales is a response or target that we wish to predict. We generically refer to the response as Y . TV is a feature , or input , or predictor ; we name it X 1 . Likewise name Radio as X 2 , and so on. We can refer to the input vector collectively as   X 1   X = X 2   X 3 Now we write our model as Y = f ( X ) + ǫ where ǫ captures measurement errors and other discrepancies. 2 / 30
What is f ( X ) good for? • With a good f we can make predictions of Y at new points X = x . • We can understand which components of X = ( X 1 , X 2 , . . . , X p ) are important in explaining Y , and which are irrelevant. e.g. Seniority and Years of Education have a big impact on Income , but Marital Status typically does not. • Depending on the complexity of f , we may be able to understand how each component X j of X affects Y . 3 / 30

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