Description: In this continuation of our July 2013 article we explore an algorithm for evaluating Hidden Markov Models in detail. A preferred method in speech recognition technology, Hidden Markov Models are a promising technique when dealing with data you suspect may be driven by a change in a unobservable state. The example in the article is provided in an Excel workbook for the reader to follow along with.

Description: This article describes a method that can be useful when re-fitting a risk score model to a population of only moderate size. Learn how to use concepts like ridge regression to train a model with partial credibility.