A new field of Machine Learning is born: Causal Machine Learning. Learn here about the Causal Forest, one of the most famous Causal Machine Learning algorithms for estimating heterogeneous treatment effects.
Machine Learning Goes Causal I: Why Causality Matters
A new field of Machine Learning is born: Causal Machine Learning. Learn here what it is and why it is crucial for the future of Data Science.
Evaluating Model Performance by Building Cross-Validation from Scratch
Cross-validation is a widely used technique to assess the generalization performance of a machine learning model. In this blog post I will introduce the basics of cross-validation, provide guidelines to tweak its parameters, and illustrate how to build it from scratch in an efficient way.
What the MAPE is FALSELY blamed for, its TRUE weaknesses and BETTER alternatives!
In time series context, one of most the commonly used measures is the MAPE. In this blog post, I evaluate critical arguments and weaknesses concerning the MAPE and demonstrate alternative measures.
Monotoniebedingungen in Machine Learning Modellen mit R
Monotoniebedingungen können helfen den Sachverhalt besser durch Modelle darstellen zu lassen. In diesem Beitrag wird erklärt wir man solche Monotoniebedingungen in R umsetzt.
Coding Random Forests in 100 lines of code*
In our series of explaining method in 100 lines of code, we tackle random forest this time! We build it from scratch and explore it’s functions.
How to Speed Up Gradient Boosting by a Factor of Two
Our latest tool development at STATWORX: random boost, an algorithm twice as fast as gradient boosting, with comparable prediction performance.
Coding Regression trees in 150 lines of R code
Motivation There are dozens of machine learning algorithms out there. It is impossible to learn all their mechanics, however, many algorithms sprout from the most established algorithms, e.g. ordinary least squares, gradient boosting, support vector machines, tree-based algorithms and neural networks. At STATWORX we discuss algorithms daily to evaluate their usefulness for a specific project. In any case, understanding these …
Coding Gradient boosted machines in 100 lines of R code
Motivation There are dozens of machine learning algorithms out there. It is impossible to learn all their mechanics, however, many algorithms sprout from the most established algorithms, e.g. ordinary least squares, gradient boosting, support vector machines, tree-based algorithms and neural networks. At STATWORX we discuss algorithms daily to evaluate their usefulness for a specific project or problem. In any case, …
Using Machine Learning for Causal Inference
Machine Learning (ML) is still an underdog in the field of economics. However, it gets more and more recognition in the recent years. One reason for being an underdog is, that in economics and other social sciences one is not only interested in predicting but also in making causal inference. Thus many "off-the-shelf" ML algorithms are solving a fundamentally different …
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