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Lorenz Curve

What Is a Lorenz Curve? An American economist, Max Lorenz, introduced the concept of the Lorenz curve in 1905. He proposed a graphical representation...

Tokenization

Tokenization is not a new concept, as people frequently use it in the blockchain. However, the concept of the token is older than blockchain....

Chi Test

When developing a machine learning model, you may encounter numerous problems. One common problem related to feature selection determines how relevant the input features...

Log Loss

In machine learning, you can solve predictive modeling through classification problems. For each observation in the model, you must predict the class label. The...

Confusion Matrix

The classification process helps with the categorization of the dataset into different classes. A machine learning model enables you to: Frame the problem, Collect...