Healthcare and Medical Science


Comments

Post a Comment

Popular posts from this blog

Exploratory Data Analysis (EDA)

Image
EDA is not identical to statistical graphics although the two terms are used almost interchangeably. Statistical graphics is a collection of techniques--all graphically based and all focusing on one data characterization aspect. EDA encompasses a larger venue; EDA is an approach to data analysis that postpones the usual assumptions about what kind of model the data follow with the more direct approach of allowing the data itself to reveal its underlying structure and model. EDA is not a mere collection of techniques; EDA is a philosophy as to how we dissect a data set; what we look for; how we look; and how we interpret. It is true that EDA heavily uses the collection of techniques that we call "statistical graphics", but it is not identical to statistical graphics per se. Most EDA techniques are graphical in nature with a few quantitative techniques. The reason for the heavy reliance on graphics is that by its very nature the main role of EDA is to open-mindedly ...
Read more

Artificial neural network

Image
Artificial neural networks (ANN) or connectionist systems are computing systems vaguely inspired by the biological neural networks that constitute animal brains. The data structures and functionality of neural nets are designed to simulate associative memory. Neural nets learn by processing examples, each of which contains a known "input" and "result," forming probability-weighted associations between the two, which are stored within the data structure of the net itself. (The "input" here is more accurately called an input set, since it generally consists of multiple independent variables, rather than a single value.) Thus, the "learning" of a neural net from a given example is the difference in the state of the net before and after processing the example. After being given a sufficient number of examples, the net becomes capable of predicting results from inputs, using the associations built from the example set. If a feedback loop is prov...
Read more

Project : Customer Churn (Customer Attrition)

Image
Customer attrition, also known as customer churn, customer turnover, or customer defection, is the loss of clients or customers. Banks, telephone service companies, Internet service providers, pay-TV companies, insurance firms, and alarm monitoring services, often use customer attrition analysis and customer attrition rates as one of their key business metrics (along with cash flow, EBITDA, etc.) because the cost of retaining an existing customer is far less than acquiring a new one. Companies from these sectors often have customer service branches which attempt to win back defecting clients, because recovered long-term customers can be worth much more to a company than newly recruited clients. Companies usually make a distinction between voluntary churn and involuntary churn. Voluntary churn occurs due to a decision by the customer to switch to another company or service provider, involuntary churn occurs due to circumstances such as a customer's relocation to a long-term ...
Read more