10 Questions
In which phase of the model development process do you map out your approach?
Model Planning
When is it recommended to conduct a peer review of your analytic plan?
After drafting the plan and sharing it for peer review
What is the primary focus of Phase 4: Model Building?
Developing data sets for testing, training, and production
Which tool is well-suited for performing statistical tests and analytics on big data?
R
Why is ELT (Extract, Load, Transform) encouraged for analyzing credit card fraud data?
ELT allows for data transformation before loading, ensuring cleaner data for analysis.
What is one characteristic of the Agile aspect of the MAD approach?
Iterative development
In which phase do you determine the methods, techniques, and workflow for model scoring?
Model Planning
What is the primary focus of Phase 3: Communicate Results?
Communicating results to stakeholders
What is the primary benefit of using ELT for analyzing credit card fraud data?
Improved data quality
What is the primary goal of the Model Planning phase?
Defining the scope of the project
Assess data quality, explore variable relationships, and select methods. Identify stakeholders' roles and learn about modeling techniques in data science.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
