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You're reading from  Practical Machine Learning Cookbook

Product typeBook
Published inApr 2017
Reading LevelIntermediate
PublisherPackt
ISBN-139781785280511
Edition1st Edition
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Author (1)
Atul Tripathi
Atul Tripathi
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Atul Tripathi

Atul Tripathi has spent more than 11 years in the fields of machine learning and quantitative finance. He has a total of 14 years of experience in software development and research. He has worked on advanced machine learning techniques, such as neural networks and Markov models. While working on these techniques, he has solved problems related to image processing, telecommunications, human speech recognition, and natural language processing. He has also developed tools for text mining using neural networks. In the field of quantitative finance, he has developed models for Value at Risk, Extreme Value Theorem, Option Pricing, and Energy Derivatives using Monte Carlo simulation techniques.
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Introduction


Discriminant analysis is used to distinguish distinct sets of observations and allocate new observations to previously defined groups. For example, if a study was to be carried out in order to investigate the variables that discriminate between fruits eaten by (1) primates, (2) birds, or (3) squirrels, the researcher could collect data on numerous fruit characteristics of those species eaten by each of the animal groups. Most fruits will naturally fall into one of the three categories. Discriminant analysis could then be used to determine which variables are the best predictors of whether a fruit will be eaten by birds, primates, or squirrels. Discriminant analysis is commonly used in biological species classification, in medical classification of tumors, in facial recognition technologies, and in the credit card and insurance industries for determining risk. The main goals of discriminant analysis are discrimination and classification. The assumptions regarding discriminant...

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Practical Machine Learning Cookbook
Published in: Apr 2017Publisher: PacktISBN-13: 9781785280511

Author (1)

author image
Atul Tripathi

Atul Tripathi has spent more than 11 years in the fields of machine learning and quantitative finance. He has a total of 14 years of experience in software development and research. He has worked on advanced machine learning techniques, such as neural networks and Markov models. While working on these techniques, he has solved problems related to image processing, telecommunications, human speech recognition, and natural language processing. He has also developed tools for text mining using neural networks. In the field of quantitative finance, he has developed models for Value at Risk, Extreme Value Theorem, Option Pricing, and Energy Derivatives using Monte Carlo simulation techniques.
Read more about Atul Tripathi