Murphy-Epstein’s Law

Predicting the value of a continuous real variable based on historical observations, covariates etc is a routine problem. It has never been easier to create¬†sophisticated statistical models from data.¬†Sadly however, it often turns out that…

random forest or gradient boosting?

Random forest and gradient boosting are leading data mining techniques. They are designed to improve upon the poor predictive accuracy of decision trees. Random forest is by far the more popular, if the google trends…