Ensemble Methods for Regression and Classification

Advanced analytical tools are widely used by business enterprises in order to solve problems using data. The goal of analytical tools is to analyze data and extract relevant information that can be used to solve problems or increase performance of some aspect of the business. It also involves various machine learning algorithms with which we can create predictive models for better results.

In this chapter, we are going to explore a simple idea that can drastically improve the performance of basic predictive models.

We are going to cover the following topics in this chapter:

• Ensemble methods and their working
• Ensemble methods for regression
• Ensemble methods for classification