Update README.md

pull/34/head
Jen Looper 3 years ago committed by GitHub
parent ef5680fa9f
commit 022bdf892a
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23

@ -13,7 +13,7 @@ One of the major consumers of classical machine learning models is the finance i
We learned about [k-means clustering](Clustering/2-K-Means/README.md) earlier in the course, but how can it be used to solve problems related to credit card fraud?
K-means clustering comes in handy during a credit card fraud detection technique called **outlier detection**. Outliers, or deviations in observations about a set of data, can tell us if a credit card is being used in a normal capacity, or if something funky is going on. As shown in [this paper](https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.680.1195&rep=rep1&type=pdf), you can sort credit card data using a k-means clustering algorithm and assign each transaction to a cluster based on how much of an outlier it appears to be. Then, you can evaluate for riskiest cluster for fraudulent versus legitimate transactions.
K-means clustering comes in handy during a credit card fraud detection technique called **outlier detection**. Outliers, or deviations in observations about a set of data, can tell us if a credit card is being used in a normal capacity, or if something unusual is going on. As shown in [this paper](https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.680.1195&rep=rep1&type=pdf), you can sort credit card data using a k-means clustering algorithm and assign each transaction to a cluster based on how much of an outlier it appears to be. Then, you can evaluate for riskiest cluster for fraudulent versus legitimate transactions.
### Wealth management
@ -42,11 +42,19 @@ One way to evaluate how a particular investment performs is through statistical
## Ecology and Green Tech
### Forest management
You learned about Reinforcement Learning in previous lessons. It can be very useful when trying to predict patterns in nature. In particular, it could be used to track ecological problems like forest fires and the spread of invasive species. In Canada, a group of researchers used Reinforcement Learning to build forest wildfire dynamics models from satellite images. Using an innovative "spatially spreading process (SSP)", they envisioned a forest fire as "fire is the agent at any cell in the landscape and the set of actions the fire can take from a location at any point in time includes spreading north, south, east, or west or not spreading. This approach inverts the usual RL setup since the dynamics of the corresponding Markov Decision Process (MDP) is a known function for immediate wildfire spread." Read more about the classic algorithms used by this group in this article: https://www.frontiersin.org/articles/10.3389/fict.2018.00006/full
You learned about Reinforcement Learning in previous lessons. It can be very useful when trying to predict patterns in nature. In particular, it could be used to track ecological problems like forest fires and the spread of invasive species. In Canada, a group of researchers used Reinforcement Learning to build forest wildfire dynamics models from satellite images. Using an innovative "spatially spreading process (SSP)", they envisioned a forest fire as "the agent at any cell in the landscape". "The set of actions the fire can take from a location at any point in time includes spreading north, south, east, or west or not spreading.
This approach inverts the usual RL setup since the dynamics of the corresponding Markov Decision Process (MDP) is a known function for immediate wildfire spread." Read more about the classic algorithms used by this group in this article: https://www.frontiersin.org/articles/10.3389/fict.2018.00006/full
### Motion sensing of animals
While deep learning has created a revolution in visually-tracking animal movements (you can build your own [polar bear tracker](https://docs.microsoft.com/en-us/learn/modules/build-ml-model-with-azure-stream-analytics/) here), classic ML still has a place in this task.
Sensors to track movements of farm animals and IoT makes use of this type of visual processing, but more basic ML techniques are useful to preprocess data. For example, in this paper, sheep postures were monitored and analyzed using various classifier algorithms. You will recocgnize the ROC curve on p. 335: https://druckhaus-hofmann.de/gallery/31-wj-feb-2020.pdf
### Energy Management
This article discusses in detail how clustering and time series forecasting help predict future energy use in Ireland, based off of smart metering: https://www-cdn.knime.com/sites/default/files/inline-images/knime_bigdata_energy_timeseries_whitepaper.pdf
In our lesson on Time Series, we invoked the concept of smart parking meters to generate revenue for a town based on understanding supply and demand. This article discusses in detail how clustering, regression and time series forecasting combined to help predict future energy use in Ireland, based off of smart metering: https://www-cdn.knime.com/sites/default/files/inline-images/knime_bigdata_energy_timeseries_whitepaper.pdf
## Insurance

Loading…
Cancel
Save