A Gentle Introduction to the Bootstrap Method

The bootstrap method is a resampling technique used to estimate statistics on a population by sampling a dataset with replacement. It can be used to estimate summary statistics such as the mean or standard deviation. It is used in applied machine learning to estimate the…

A Gentle Introduction to k-fold Cross-Validation

Cross-validation is a statistical method used to estimate the skill of machine learning models. It is commonly used in applied machine learning to compare and select a model for a given predictive modeling problem because it is easy to understand, easy to implement, and results…

Indian economy and Artificial Intelligence: AI can provide $957 bn boost, says Accenture

To estimate the economic potential of AI, the research was done by comparing two scenarios. First was the expected annual economic growth rate under current assumptions about the future. (Reuters) Global IT services and consulting major Accenture on Thursday said artificial intelligence (AI) has the…