Real-world Examples of Model Selection #ai #artificialintelligence #machinelearning #aiagent

@genaiexp Understanding model selection is best reinforced through real-world examples. In retail, predictive models help forecast sales, optimizing inventory and pricing strategies. Financial institutions use models for risk assessment, evaluating creditworthiness and detecting fraud. In healthcare, predictive analytics can predict patient outcomes, aiding in treatment planning and resource allocation. Manufacturing industries use predictive models for quality control, identifying defects before products reach the market. These examples illustrate the diverse applications of predictive modeling across industries, highlighting the importance of selecting the right algorithm to meet specific business needs and improve decision-making processes.

Видео Real-world Examples of Model Selection #ai #artificialintelligence #machinelearning #aiagent канала NextGen AI & Tech Explorer