Description: As M2M are exponentially increasing, we will soon see reinventing of whole business models and customer relationships.

Description: A look into how machine learning models implement classification and regression at a deeper level. Covers topics such as multi-regression, softmax, and ROC charts.

Description: The newer predictive modeling tools are powerful but they work best when supported by a lot of computing power. Parallel processing is very powerful but often very difficult to implement. Dihui and Richard take us through the maze of options with H2O, SparkNet/MLib and Mahout. Which do you use for a generalized linear model (GLM), and which is better for high-volume data manipulation?

Description: An introduction to creating Shiny web applications, with sample code available to reproduce the interactive application displayed in screenshots in the article.

Description: Introduction to PMML and how to use of it in the R programming language. PMML is an interchange format for predictive models.

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.

Description: In this article, we will overview some popular tree-based models and understand how such models may be applied to the insurance industry.

Description: In An Introduction to Incremental Learning, by Qiang Wu and I describe how machine learning is a natural enhancement to predictive analytics through its many useful tools to derive meaning from a lot of otherwise unusable data such as handwriting. Again, there are formulas involved; but we have tried to keep them understandable to the actuary who isn’t already familiar with stochastic gradient descent, perceptrons, and principal component analysis. Incremental learning can help you refine the estimations you derive from more traditional actuarial methods.

Description: The article introduces the concept of overfitting in predictive modeling and illustrates how it hinders our ability to predict new data well.