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The Random GLM Algorithm: A Better Ensemble?
One of the biggest drawbacks is that while an individual decision tree is easy to interpret, when you ... of the datasets used, are shown in the following table: Michael Niemerg, FSA, MAAA, is an actuary at ...- Authors: Michael Niemerg
- Date: Dec 2016
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods
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The Ethical Actuary—a Tautology: Never let it Become an Oxymoron!
The Ethical Actuary—a Tautology: Never let it Become an Oxymoron! Actuaries are Known as highly ... and opinions expressed herein are those of the individual authors and are not necessarily those of the ...- Authors: David Snell
- Date: Aug 2021
- Competency: Communication; Professional Values
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Actuarial Profession; Modeling & Statistical Methods
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Explainable AI
of the model’s inner works and drills into an individual case example. • Cluster explainability: This ... credit of a prediction. • LIME analyzes the individual prediction and generates imaginary observations ...- Authors: Carlos Brioso
- Date: Nov 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods; Technology & Applications
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When Algebra Gets Chaotic
When Algebra Gets Chaotic Discusses how 'insignificant' changes in assumptions can ... with more clear boundaries in my pricing or valuation or modeling work. Do you? What about pricing ...- Authors: David Snell
- Date: Jan 2012
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods
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The Delphi Method
for which there are no known outcomes. The individual opinions of every participant are anony- mously ... often the convergence of group opinion to the individual opinion of the most pow- erful member of the ...- Date: Sep 2009
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods
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Like Peas in a Pod - Ideas in Cluster Analysis
Like Peas in a Pod - Ideas in Cluster Analysis This article gives a brief overview of ways to ... Well, because SHAP values deconstruct each individual prediction into the contribution from each feature ...- Authors: Michael Niemerg
- Date: Apr 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods; Predictive Analytics