Multivariate models are mathematical models that involve multiple variables or factors. They are used to describe and analyze the relationships between different variables, and to make predictions or inferences based on these relationships. Multivariate models are commonly used in many fields, including statistics, economics, finance, and engineering, to study complex systems and phenomena. Multivariate models can provide valuable insights and predictions, but they can also be complex and difficult to interpret. It is important to carefully select and validate the appropriate model, and to consider the limitations and assumptions of the model when interpreting the results.
Predictive maintenance is a game-changer for the modern industry. Still, it is based on a simple idea: By using machine learning algorithms, businesses can predict equipment failures before they happen and optimize their maintenance cycles to improve efficiency and reduce costs. In this article, we’ll explore the use of machine … Read more
Training a machine learning model is like baking a cake: the quality of the end result depends on the ingredients you put in. If your input data is poor, your predictions will be too. But with the right ingredients – in this case, carefully selected input features – you can … Read more
Finding the perfect hyperparameters for your machine learning model can be like searching for a needle in a haystack – unless you use random search. This efficient method automates the process of hyperparameter tuning, so you don’t have to spend hours manually testing different configurations. Hyperparameters are model properties (e.g., … Read more
Multi-output time series regression can forecast several steps of a time series at once. The number of neurons in the final output layer determines how many steps the model can predict. Models with one output return single-step forecasts. Models with various outputs can return entire series of time steps and … Read more
Credit card fraud has become one of the most common use cases for anomaly detection systems. The number of fraud attempts has risen sharply, resulting in billions of dollars in losses. Early detection of fraud attempts with machine learning is therefore becoming increasingly important. In this article, we take on … Read more