Podcast
Questions and Answers
Which of the following statements accurately describes a key distinction between supervised and unsupervised learning?
Which of the following statements accurately describes a key distinction between supervised and unsupervised learning?
- Supervised learning requires more computational resources than unsupervised learning.
- Supervised learning uses labeled data for training, while unsupervised learning does not. (correct)
- Supervised learning is primarily used for dimensionality reduction, while unsupervised learning is used for prediction.
- Unsupervised learning models are generally more accurate than supervised learning models.
In the context of model evaluation, what is the primary purpose of using a validation set?
In the context of model evaluation, what is the primary purpose of using a validation set?
- To tune hyperparameters and prevent overfitting. (correct)
- To estimate the model's performance on completely new, unseen data.
- To train the model on unseen data.
- To assess the model's performance on the training data.
Which of the following regularization techniques adds a penalty term to the loss function proportional to the square of the magnitude of the coefficients?
Which of the following regularization techniques adds a penalty term to the loss function proportional to the square of the magnitude of the coefficients?
- L1 regularization (Lasso)
- L2 regularization (Ridge) (correct)
- Elastic Net regularization
- Dropout
What is the primary goal of Principal Component Analysis (PCA)?
What is the primary goal of Principal Component Analysis (PCA)?
How does increasing the complexity of a machine learning model typically affect the bias-variance tradeoff?
How does increasing the complexity of a machine learning model typically affect the bias-variance tradeoff?
Flashcards
What is the testing effect?
What is the testing effect?
Actively recalling information, which strengthens memory and learning.
What should a flashcard term be?
What should a flashcard term be?
A term or short phrase that represents a concept.
What should a flashcard definition be?
What should a flashcard definition be?
A clear and accurate explanation of the term.
What is the purpose of a flashcard hint?
What is the purpose of a flashcard hint?
Signup and view all the flashcards
What makes a good memory tip?
What makes a good memory tip?
Signup and view all the flashcards
Study Notes
- This covers an introduction to the course
- It is a 2 credit course with 4 units
Evaluation Pattern:
- The evaluation pattern includes formative (FA) and summative assessments (SA)
- FA is divided into FA1 and FA2
- FA1 is worth 10 marks and is based on units 1 and 2
- FA2 is worth 10 marks and is majorly based on units 3 and 4
- Both FA1 and FA2 use application concepts from units 1 and 2
- SA is worth 30 marks and includes application-based questions
Teaching and Learning Methodology:
- Involves experiential learning through Google Classroom
- Case study analysis
- Practical assignments with PPT
- Flipped classroom
Resource Material:
- Question Bank based on each unit will be provided at the end of the topic, covering easy to difficult questions
- Model answers will be provided, along with detailed notes and referral audio-visual material
Introduction to Design Thinking (Unit 1):
- Focus points are:
- Meaning and concept of design thinking
- Design thinking for competitive advantage
- An entrepreneur's mindset, the need for design thinking, creativity, and innovation
- Concept of opportunity assessment
- How to identify opportunities
- Which opportunity to invest in
- Three-dimensional approach of opportunity assessment
- "Go/No-Go" recommendations to invest and initiate
Concept and Meaning of Design Thinking:
- Design thinking is a critical tool used by organizations to handle innovation management
- The design thinking approach identifies the problem and identifies a long-term, functional, technically sound, scope-oriented, sustainable solution for an extended period
- It considers economic factors, vision, and mission of the organization
- The design thinking process standardizes itself into 5 steps
Empathize:
- Design Thinking is a complete, human-centered approach
- In commerce and business, it is called consumer-oriented approach
- Organizations put themselves in the consumer's shoes to better understand needs, wants, and demands
- Any invention without utility is worthless
- Upgrading inventions to meet specific requirements, based on empathy, becomes innovation
Personal Care Product Example:
- Soaps are commonly used, even to wash the face
- Home remedies serve as supplementary options for face masks or face packs
Empathy Map (Step 1):
- Considers face/skin stereotype, age groups, skin issues, composition, and brand building
Micro-Assessment of Innovative Ideas:
- Focuses on brand image building as part of innovation in opportunity assessment
Reverse Brainstorming:
- Examples include soaps and home remedies
- Considers aspects like rough texture, unhygienic nature, harmful ingredients, being time-consuming, and inconvenient
Entrepreneurial Mindset:
- Innovation is key to success and growth simultaneously in business
- "Design Thinking" is a common concept discussed when cooperating for competitive advantage
- Design thinking helps in entrepreneurship, in innovation, navigating stages to work flow, standardizing innovation management, creative solutions for business challenges, dimensions and measurements
Concept of Innovation (Based on Unit 3):
- Innovation is defined as a product, physical good, process, service, strategies, or a business model with new and useful features
- It must provide utility and unique value
- Design thinking can inspire meaningfully with impact as an alternative
Design Thinking Phases:
- Design thinking is a human-centered approach for innovation and success
Phases of Design Thinking:
- To generalize a process of seeing the front-tech approach to business
- This can be explained various ways:
Frame a Question:
- Identify a driving question to inspire creative solutions
- Gather inspiration
Inspiration
- Inspire new thinking by discovering needs and desires and how they can be fulfilled
Generate Ideas:
- Push past solutions to find better, tangible ideas
- Convert thoughts into actions through execution
Test to Learn:
- Refine ideas with feedback through experimentation
- Craft a compelling story to inspire others to do better
Performance Indicators and Design Thinking:
- Design thinking should focus entirely on consumer needs
- Key performance indicators are crucial for improving business
Design Thinking as a Concept of Competitive Advantage:
- Design Thinking is about creating service or business strategies to handle organizational problems
Achieving Competitive Advantage:
- Understanding the competitive advantage means giving a base to understanding and introducing a change when taking ease from rivals on issues
Major Outcomes:
- One major outcome can be the direct impact on consumer experience and secondary, succeeding competitive advantage
- One must consider customer service, goods, custumes vs. customes
Competitive Advantage:
- It enables a company to be superior to the customer compared to other choices
Competitive Advantage Through CA:
- This works by changing 3 mindsets of the company in the following criteria:
- Desirability:
- This asks what makes sense to the people
- Feasibility:
- What is technically and conceptually possible in the near future?
- Viability:
- What is likely to become a more sustainable business solution for a complex problem?
- Communicate true value to the business world
- Identify your target market, by really understanding your customer
- Know your competition well
- Desirability:
Entrepreneurial Mindset Needs:
- The entrepreneurial spirit needs design thinking and innovation
- It speaks of simple characters or features entrepreneurs need to have before thinking of entering into the dynamic business environment
- Below is what focuses on creativity and improved products or services
- Vision
- Innovation
- Risk
- Management
Visionary Needs:
- Entrepreneurs need to very clear about business goals, with definite objectives
- Visions should be supported by innovation to stand out
Market Assessment for Adding Value Outside Business:
- One should along with uncertainty factor risk as results
Mgt or organisation:
- This character of entrepreneurship helps handle innovation as a value - added business output
Opportunity Assessment & Opportunity Window:
- Dynamic business means physical goods, service through strategies and practices to add value to the business, the window can be a critical tool needs assessment
Design Thinking Opportunity Assessment:
- Look for the viable following principles/ criteria/or methodes
Analysing User:
- Based on closed / open questions, identify unmet needs or points
- Fill in market and where innovative has enhance
- Identify what needs unqieness
- Customer survey, systems
- Market, identifying through benaviours or enhanced tech for product
Competitive Analysis:
- By thoroughly understaind, evaluate concepts and proper study to find feasibility
Dimensional (3D) for Business:
- fit consider as besit guiding faction for enhancement, includes what factor criteria
- Product market fit
- product company fir -Product buisness fir
- By considertions for recmarize aligns
Product Market Fit:
- Whether by addressing the product, and what market compilation customer need
Product Company Fit:
- How the line product and expertise
Product Business Fit:
- What compaines financial strategy for potential
"Go or No Go" Recommendation:
- Asses oppotunties and following
- Market size
- Landscape -Feedback
- Capability and necessary skills
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Test your knowledge of machine learning concepts. This quiz covers supervised vs. unsupervised learning, validation sets, regularization techniques, PCA, and the bias-variance tradeoff. Ideal for students and professionals.
