Exam 7: Automated Machine Learning

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In the model recommendation step of the AutoML process, original data outliers and patterns are highlighted.

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Which of the following is true of the supervised model of analytics?

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What is AutoML? Is it better than the traditional, manual approach of standard machine learning?

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AutoML, or Automated Machine Learning, refers to a suite of techniques and tools designed to automate the process of applying machine learning to real-world problems. The goal of AutoML is to make machine learning more accessible to non-experts and to increase efficiency in the model development process. AutoML typically encompasses the following tasks:

1. Data Preprocessing: Cleaning and formatting data to make it suitable for machine learning models.
2. Feature Engineering: Automatically selecting and transforming features that are most relevant to the task.
3. Model Selection: Choosing the best machine learning algorithms for the given problem.
4. Hyperparameter Optimization: Fine-tuning the settings of the chosen algorithms to maximize performance.
5. Model Evaluation: Assessing the performance of the models using appropriate metrics.
6. Model Deployment: Preparing the model for integration into production environments.

AutoML is not inherently "better" than the traditional, manual approach of standard machine learning, but it offers several advantages:

1. Accessibility: It lowers the barrier to entry, allowing those without extensive machine learning expertise to develop effective models.
2. Efficiency: It can save time and resources by automating repetitive and time-consuming tasks.
3. Scalability: It can handle large datasets and complex problems that might be challenging to manage manually.
4. Reproducibility: It provides a systematic approach that can be more easily replicated and verified.

However, there are also some limitations and considerations:

1. Loss of Control: Experts may find that AutoML tools limit their ability to fine-tune models and algorithms to the same degree as manual approaches.
2. Overfitting: Without proper expertise, users might inadvertently create models that overfit the data, performing well on the training data but poorly on new, unseen data.
3. Interpretability: AutoML models, especially those involving complex algorithms, can be difficult to interpret, which can be a problem in fields that require explainability.
4. Cost: Some AutoML tools, particularly cloud-based services, can be expensive to use at scale.

In conclusion, whether AutoML is better than traditional machine learning approaches depends on the context. For those with limited expertise or resources, AutoML can be a powerful tool to quickly develop and deploy machine learning models. For experts, it can augment the model development process but may not replace the need for deep domain knowledge and manual fine-tuning. The choice between AutoML and traditional methods should be based on the specific needs, constraints, and goals of the project at hand.

Appropriate data preparation to ensure the quality of data is an elemental first step in producing accurate model predictions.

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Describe how United Airlines employed AutoML to improve overall customer experience.

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List and explain the four key steps in the AutoML process.

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The purpose of building models in the AutoML process is to

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The step of creating ensemble models in the AutoML process allows us to

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Facebook uses AutoML to understand user patterns to improve business performance, such as increasing ad revenues and user engagement.

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Describe how the Philadelphia 76ers of the National Basketball Association (NBA) were able to increase ticket sales using AutoML.

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Which of the four key steps in the AutoML process involves handling missing data, outliers, variable selection, data standardization, and data transformation to maintain a common format?

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Summarize practitioner Elpida Ormanidou's views on the challenges of using AutoML to solve business problems.

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According to practitioner Elpida Ormanidou, what uses of AutoML provide the most benefit to users?

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Identify a true statement about AutoML.

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Explain the advanced ensemble methods of bagging and boosting.

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The common adage that people use when referring to ________ data is "garbage in, garbage out."

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How did Pelephone, one of the oldest and largest mobile phone providers in Israel, increase revenues by using AutoML?

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Summarize practitioner Elpida Ormanidou's views on AutoML playing a role in marketing and sales decision making.

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How did Kroger, the second largest supermarket company in the world, benefit from the use of AutoML?

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Explain how AirBnB has been using AutoML to predict customer lifetime value for hosts and guests.

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