Machine Learning Challenges and Techniques
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Questions and Answers

Which of the following is the most significant challenge in applying machine learning models to real-time data analysis?

  • Adapting to changes in data schema without model retraining.
  • Handling the velocity, volume, and variety of incoming data streams. (correct)
  • Ensuring model interpretability for regulatory compliance.
  • Minimizing computational costs associated with model training.

What is the primary reason for using dimensionality reduction techniques like PCA before applying a machine learning algorithm?

  • To improve the model's interpretability by simplifying its structure.
  • To reduce overfitting by increasing the model's complexity.
  • To ensure that all features are on the same scale, preventing feature dominance.
  • To decrease computational costs and improve model performance by reducing the number of features. (correct)

In the context of fraud detection, which evaluation metric is most appropriate when fraudulent transactions are significantly rarer than legitimate ones?

  • Accuracy
  • Recall
  • Precision
  • F1-score (correct)

Which ensemble method is most effective at reducing variance in models with high complexity and a tendency to overfit the training data?

<p>Random Forest (A)</p> Signup and view all the answers

When deploying a machine learning model, what strategy best ensures the model remains accurate over time in the face of evolving data patterns?

<p>Retraining the model periodically using the most recent data. (D)</p> Signup and view all the answers

Flashcards

Real-time data analysis challenge?

Managing the speed, size, and diversity of incoming data.

Why use PCA?

Reduces features to save computation and boost model accuracy.

Best fraud detection metric?

Balances precision and recall for rare events.

Best variance reduction method?

Using multiple trees to reduce overfitting.

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How to maintain model accuracy?

Updating the model with new data over time.

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