Statistical Inference: saving time and money while making robust conclusions

By Medium - 2020-12-06

Description

Simple statistics can get the job done without spending money and time on expensive computational routines

Summary

Statistical Inference: In this article I state that thinking a little about statistics can save time to the data scientist and money to the company that employs him or her.
what is the most common value and how far we expect any value to be from it.
We can then make inferences about the average log loss just like in our working example, simply because the average log loss and the average grade are the same thing from a purely statistical point of view.

Topics

Machine_Learning (0.3)
Backend (0.26)
NLP (0.13)

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