Top Data Mining Algorithms Data Scientists Must Know in 2023

Data mining is an essential part of data analytics and one of the primary areas in data science. Various data analytic methods are employed to spot repetitions and glean information from large data sets. Businesses can identify future patterns and make more informed decisions using data mining techniques and tools.

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As a data scientist, it is necessary to learn data mining in detail to comprehend unstructured raw data. This blog will discuss the top five data mining algorithms data scientists must know in 2023. 

What is data mining? 

Businesses use data mining to transform unstructured data into helpful information. Businesses can discover more about their customers to create better advertising techniques, boost sales, and cut costs by using software to search for patterns in large batches of data. 

Effective data gathering, warehousing, and computer processing are prerequisites for data mining.

  • Businesses can use data mining for various purposes, such as determining what products or services their consumers want.
  • Based on the information customers provide or request, data mining programmes analyse patterns and relationships in data.
  • Apart from spotting repetitive patterns, data mining is also used to observe anomalies to detect fraud and scams in the financial sector. SaaS companies use data mining to filter out fake accounts from their database.

Why is data mining important?

Successful analytics efforts in organisations depend on data mining. The data it produces can be used in real-time analytics applications that look at live streaming data, business intelligence (BI) and advanced analytics applications that analyse historical data.

Planning effective business strategies and managing operations are just a few ways data mining can help. In addition to manufacturing, supply chain management, finance, and human resources, this also involves front-office activities like marketing, advertising, sales, and customer support. 

Multiple other crucial business use cases, such as fraud identification, risk management, and cybersecurity planning, are supported by data mining. Management, scientific and mathematical research, and sports are other fields that use data mining extensively.

Top data mining algorithms that data scientists must know

Below are some of the best data mining algorithms important in 2023. 

C4.5 Algorithm

Developed by Ross Quinlan, C4.5 produces a decision tree-based classifier from previously classified data. A classifier is a tool for data mining that uses previously classified data to identify the class of incoming new data.

There will be a unique collection of attributes for each data point. The decision tree in C4.5 categorises new data based on the responses to questions on attribute values.

Since the training dataset is labelled using lasses, C4.5 is a monitored learning method. Compared to other data mining algorithms, C4.5 is fast and well-liked because decision trees are always easy to understand and analyse.

Apriori Algorithm

One form of data mining technique is to use association rules to find correlations between variables in a database. The Apriori algorithm learns association rules and is then used on a database with many transactions. 

The Apriori algorithm is categorised as an unsupervised learning method because it can find intriguing patterns and reciprocal connections. Although the method is very effective, it uses a lot of memory, takes up a lot of disk space, and is time-consuming.

K-means Algorithm

K-means, one of the most popular clustering algorithms, operates by forming k groups from a collection of objects depending upon their degree of similarity. Although group members won’t necessarily be alike, they will be more comparable than non-members. 

Standard variations state that it is a non-monitored learning algorithm because k-means understands the cluster without outside input.

Expectation-Maximisation Algorithm

Like the k-means algorithm for information discovery, Expectation-Maximisation (EM) is employed as a clustering algorithm. The EM algorithm iterates to increase the likelihood of seeing recorded data. 

Then it uses unobserved variables to determine the parameters of the statistical model, producing some observed data. The Expectation-Maximisation (EM) algorithm, another example of unsupervised learning, uses unlabelled class knowledge.

kNN Algorithm

A classification method that uses lazy learning is kNN, which only saves the training data during the training procedure. Lazy learners start categorising when new, anonymous data are presented as input.

On the other hand, C4.5, SVN, and Adaboost are fast learners and start developing a categorisation model during training. kNN is regarded as an algorithm for supervised learning because it is given a labelled training dataset.

Conclusion 

Learning about the various data science algorithms is essential for a data scientist. Check out Imarticus’ Certified Data Science and Machine Learning course to learn more about data mining. 

This IIT data science course has been created with iHub Divya Sampark to help you learn data science from scratch. In this course, esteemed IIT faculty members teach machine learning with Python and ways to use data-driven insights in a business setting.

How is a supply chain management course from an IIT beneficial for aspiring candidates?

No doubt, SCM is essential to any business that deals with the production & distribution of goods and services. With the constantly evolving & competitive business world, managing the supply chain efficiently has become more critical than ever. Consequently, there is a rising demand for supply chain professionals who possess knowledge and expertise in supply chain management.

And one of the ideal ways to acquire this expertise is by enrolling in a reputable institution’s supply chain management course. A supply chain management course is an excellent way for students to explore the various aspects of supply chain management. It is a comprehensive course that offers students knowledge as well as an understanding of the key concepts and principles of SCM.

best supply chain management and analytics training

In this post, we will discuss supply chain management, its merits as a career choice, and how an IIT supply chain mangement course can benefit aspiring candidates. So let’s begin!

Supply Chain Management: An Overview

Supply Chain Management refers to the coordination & management of activities involved in the production & distribution of goods and services. These activities include procurement, production, transportation, storage, and delivery. The idea of supply chain management is to ensure that products and services are delivered to customers in a timely and cost-effective manner. Furthermore, it seeks to minimize the number of steps involved in the process while still ensuring quality standards.

Is Supply Chain Management a Good Career?

Yes, supply chain management is an excellent career choice for those interested in logistics, operations, & management. According to the Bureau of Labor Statistics, the rise of employment of logisticians, who play a crucial role in supply chain management, is expected to grow by 28% between 2021 and 2031. So, don’t you think it’s time to start your career in supply chain management? Yes, it is.

What are the benefits of pursuing a supply chain management course from IIT?

An IIT, or Indian Institute of Technology, is a group of autonomous public engineering and technology institutes in India. These institutions are well-known for their academic excellence and research-based education. 

Advantages of IIT supply chain courses for aspiring candidates:

High-Quality Education: IITs are known for their high-quality education, which is research-oriented & practical. The curriculum of supply chain management courses in IITs is designed to provide students with a thorough understanding of the supply chain processes as well as techniques.

Industry-Relevant Curriculum: The curriculum of supply chain management courses in IITs is designed in collaboration with industry experts. This ensures that the course content is relevant to the current industry practices and trends.

Internship Opportunities: IITs have tie-ups with various companies that offer internships to their students. Supply chain management students from IITs can benefit from these internships as they provide them with real-world experience and exposure to the industry.

Career Opportunities: Graduates of supply chain management courses from IITs are truly sought after by employers. Companies prefer to hire candidates with a degree from a reputable institution like an IIT. Moreover, IITs have a vast alumni network, which can be beneficial for job opportunities and networking.

Research Opportunities: How can we forget this? IITs are known for their research-based approach to education. As a result, students pursuing a supply chain management course from an IIT have access to numerous research opportunities. This allows them to explore the field in greater depth & contribute to its development.

Global Recognition: IITs are globally recognized as centers of excellence in education and research. Graduates of supply chain management courses from IITs are highly regarded by employers across the world. This can open up global job opportunities for them. Furthermore, being an IIT graduate in supply chain management can also enhance your chances of admission into top-ranked graduate programs.

Soft Skills Development: In addition to developing technical skills, supply chain management courses from IITs develop soft skills like communication, teamwork, and problem-solving. These are valued by employers and can give graduates an edge over their peers in the job market.

The Final Note

The demand for supply chain professionals is taking a rapid pace, and the supply chain management course will help you build the right foundation to get your dream job. You just have to ensure that you are enrolling in the right program & choosing a course that will help you develop the skills needed to succeed in this fast-paced industry.

Imarticus Learning offers a comprehensive supply chain management program designed in collaboration with IIT Roorkee to help students develop the skills they need to excel in this field. 

The program covers topics like logistics, operations management, procurement, and more so you can build an understanding of how each aspect of the supply chain works together. So, if you’re interested in pursuing a career in supply chain management, Imarticus Learning’s program can be a great option to consider.

5 considerations before building an effective supply chain management policy

A supply chain is the backbone of a business. The success of the e-commerce industry depends on supply chain management systems. The supply chain allows us to order anything from anywhere. The items get delivered right to our doorsteps. A business with a great supply chain management system can have a great advantage over others.

The demand for online goods and e-commerce is on the rise. Consequently, the demand for supply chain management professionals is increasing too. A supply chain analyst is a key supply chain profession. Let us see how you can become a supply chain analyst through a supply chain management course with analytics. But first, let us go through some brief insights about the supply chain.

What is Supply Chain?

A supply chain is a network of people or organisations involved in the creation and sale of products. It can also deliver the provision of services. All the technology and resources used in this process form part of the supply chain.

How to Build an Effective Supply Chain Management Policy?

5 important considerations should be kept in mind for building an effective supply chain management policy.

Dependable Suppliers

Suppliers are your allies. Therefore, it is important to have dependable allies. This allows the efficient functioning of a supply chain management system. Suppliers should be capable enough to deliver high-quality and timely deliveries. Therefore, you should do thorough market research to identify high-quality suppliers. They should be reliable and have a high reputation for packaging, quality, customer care and ethics.

Inventory Management

An inventory management system is important for building an effective supply chain management policy. You should strive to achieve a perfect order rate. This means that you should receive deliveries on time. You should also keep an eye on the inventory-to-sales ratio. This will help you determine how often inventory is rotated during the year. An efficient inventory management system will help you avoid overstocking and stock-outs.

­Increase the Supply Chain Visibility

While you focus on building your business, it is important to know how efficiently your supply chain systems are operating. You should be aware of the inefficiencies to be able to improve the system. Thus, you need end-to-end supply chain visibility. This includes suppliers, partners, warehousing, distribution, shipping centres and delivery. You should establish systems for real-time data sharing of the supply chain. This will help you get updated information and enable tracking.

Focus on Order-to-Pay Process

It is also known as the procure-to-pay process. It consists of all the steps from making the order to the final payment. Order-to-pay involves the functioning of all the departments of the company. These include procurement, sales, warehousing, logistics, finance, etc. Keep in mind that all these departments may be using different systems. This can cause a lack of coordination. Therefore, it is important to automate the procure-to-pay process of the organisation. This is where the last part comes in.

Leverage Technology

Technology is enhancing every industry. It has radically changed the way businesses operate. Technology is reducing human intervention, thus increasing the efficiency and speed at which tasks are performed. To build an efficient supply chain, you need to determine the processes that should be automated.

The technology should be advanced enough to coordinate between different departments. This allows any change in one department to be automatically communicated to another department. This can reduce manual intervention and prevent delays. Predictive analysis, automation and digitisation are important for ensuring an efficient supply chain.

Incorporating technology may involve certain costs initially, but the benefits will far outweigh the costs in the long run. You can also expect a reduction in operational costs as the processes become more efficient in the future.

Learning to Build an Efficient Supply Chain Management Policy

Now, we need to look at the basics of the supply chain. A formal supply chain management course with analytics can provide you with deep insights into supply chain management systems and how they function.

You can enrol in the IIT Roorkee Supply Chain Management Course by Imarticus Learning. It is a comprehensive supply chain management course with analytics. It will help you gain relevant job skills. You will also gain certification from one of the prestigious IITs. The curriculum is designed by the CEC, IIT Roorkee. It provides the opportunity for campus immersion. You get to learn from real-life industry projects that include:

ALKO’s annual inventory policy

Supply chain management with 7-Eleven

Minimising uncertainties in the supply chain

Predictive analytics for demand forecasting

The doors odd opportunities will open for you after completing the IIT Roorkee supply chain management course. You can become a supply chain analyst, demand planner, inventory analyst or lead manager in a reputed organisation.

A proper certification course can help you develop an efficient supply chain management policy for your business. It will help you become an expert supply chain analyst. The practical insights from real-life industry projects will provide ground-level understanding of the issues of a supply chain. You will thoroughly understand how a supply chain management system works.

Importance of leadership program for supply chain professionals

Do you know the global supply chain market continues to experience a CAGR of 11.2% from 2020 to 2027? Yes, it’s entirely true. The value of supply chain management cannot be understated as the globe becomes more interconnected and globalized.

In order to manage organizational behavior, collaboration, motivation, and the will to innovate, which puts businesses ahead of the competition, strong leadership is necessary.

Companies rely on their supply chains to keep their operations running smoothly and deliver products to clients in a timely and efficient manner. However, managing a supply chain is a complex task requiring technical expertise and leadership skills. This is where supply chain management courses play a crucial role.

best supply chain management and analytics training

Supply chain management courses help students learn the fundamentals of managing a global supply chain. These courses help professionals gain the necessary knowledge and skills to manage their organizations’ supply chains successfully.

So, if you are interested in learning the fundamentals of supply chain management, this post is for you. This post will explore the importance of supply chain management courses and how they can help supply chain professionals enhance their technical and leadership skills to drive successful supply chain operations.

Importance of supply chain management courses

In today’s interconnected world, supply chain management plays a pivotal role in the success of businesses worldwide. It’s a complex task that requires a combination of technical know-how and leadership skills. And fortunately, there’s an effective solution to mastering supply chain management art – supply chain management courses.

Strong leaders who can inspire high performance from those around them are essential to the success of supply chains. Leaders offer their skills, passions, preferences, and objectives to assist their organizations in attaining their maximum potential.

These courses offer a unique opportunity to gain in-depth knowledge of managing a global supply chain. They provide a comprehensive understanding of the technical aspects of supply chain management, such as logistics, inventory management, procurement, and distribution. 

Supply chain management courses serve as a launchpad for professionals looking to enhance their technical skills to drive successful supply chain operations. In addition to developing technical skills, these courses are designed to help professionals develop their leadership skills. 

Leadership is critical in managing supply chains, as it involves building relationships with suppliers and customers, managing teams, and driving change within organizations. By enrolling in supply chain management courses, professionals can gain the confidence and skills they need to take on leadership roles within their organizations.

How does a leadership program fit into the equation?

While supply chain management courses offer an excellent foundation for technical knowledge, leadership programs provide an additional layer of skill development essential for supply chain professionals to succeed. 

Leadership programs offer professionals the chance to learn advanced leadership skills and apply them to real-world scenarios. These skills include effective communication, conflict resolution, decision-making, and strategic thinking.

Leadership programs also offer a unique opportunity for professionals to network with other supply chain professionals and gain insights into best practices from different industries. Networking is a paramount aspect of professional growth, and the relationships formed in these programs can lead to career advancement opportunities.

Why must one pursue a leadership program for supply chain management?

Pursuing a leadership program for supply chain management can offer several benefits to professionals looking to advance their careers.

  • It can help them develop a comprehensive understanding of the key leadership skills necessary to manage a global supply chain successfully. Effective leadership skills are essential in driving change within organizations and managing teams, which are critical to managing a supply chain.
  • Leadership programs allow professionals to network with other supply chain professionals and gain insights into industry best practices. This exposure can help professionals stay up-to-date with the latest developments and trends, which can be crucial for success in a fast-paced and dynamic industry like supply chain management.
  • Leadership programs can help professionals enhance their decision-making, strategic thinking, and problem-solving skills, which are critical in managing complex supply chain operations. These skills can help professionals make informed decisions and take calculated risks necessary for success in supply chain management.
  • Lastly, pursuing a leadership program for supply chain management can also help professionals enhance their overall marketability and career prospects.

Conclusion

To sum up, supply chain management courses offer an excellent opportunity for professionals to gain the technical and leadership skills they need to manage global supply chains successfully. 

Whether you’re a recent graduate looking to enter the field or an experienced professional looking to enhance your skills, these courses are effective methods to stay ahead of the game and succeed in today’s dynamic business landscape. So why wait? 

Enroll in a supply chain management course today and advance your career!

Imarticus Learning offers comprehensive supply chain management courses to equip professionals with the necessary skills and knowledge to succeed. The courses are taught by industry experts with extensive experience in managing global supply chains. The curriculum is regularly updated to reflect the industry’s latest trends and best practices.

Deep Learning in Medical Research and Disease Studies

Deep learning is a fast-expanding discipline with many uses, particularly in studying diseases and medical research. A job in deep learning requires proficiency in Python programming, including objects and lists.

Data science and machine learning course

As a result, a Data Science and Machine Learning course provides comprehensive training in Python programming to equip individuals with the foundational knowledge needed for a career in this field.

In this blog, we will explore the various applications of deep learning in medical research and disease studies.

What is Deep Learning?

Artificial neural networks are used in Deep Learning, a subset of machine learning, to solve complex issues. Algorithms can perform tasks or make predictions without explicit programming by learning from relevant data.

Several applications, including autonomous vehicles and speech and picture recognition, use deep learning. It is modelled by how the human brain works, with its many layers of linked neurons processing and analysing information.

With deep learning techniques and advances in computational power, deep learning and machine learning with Python have become vital tools in artificial intelligence, with numerous practical applications in various fields.

Benefits of Using Deep Learning in Medical Research and Disease Studies

Deep learning has numerous advantages in medical research and disease studies, including:

Improved Analysis of Complex Data: Electronic health records, genomic data, and massive, complicated datasets like medical photographs can all be adequately analysed by deep learning algorithms. It may result in a new understanding of illness mechanisms, risk factors, and possible treatments.

Enhanced Medical Imaging Analysis: Deep learning systems can accurately analyse medical photos to find anomalies like tumours or lesions. It can help doctors diagnose more precisely and provide individualised treatment strategies.

Accelerated Drug Discovery and Development: Deep learning algorithms can identify potential drug targets and predict the efficacy and safety of drug candidates. It can help accelerate the drug discovery process and more quickly bring new treatments to patients.

Potential for Cost Savings: Deep learning enhances the effectiveness and accuracy of data processing, which can lower the expenses associated with medical research and drug development.

Deep Learning Applications in Medical Imaging Analysis

In the examination of medical imaging, deep learning has many uses. The most prominent ones are as follows:

  • Tumour detection and segmentation: Deep learning algorithms can accurately detect and segment tumours in diverse body areas by analysing medical pictures like MRI or CT scans.
  • Disease classification: Deep learning algorithms can analyse medical photos and categorise them according to whether they include specific diseases or conditions, like pneumonia or Alzheimer’s.
  • Image enhancement: Deep learning algorithms can enhance the precision and detail of medical pictures for better diagnosis and treatment planning.

Use of Deep Learning in Drug Discovery and Development

The ability to quickly find and generate new medications has been demonstrated to have considerable potential in drug discovery and development.

Deep expertise in this area has critical applications for things like:

  • Predicting drug-target interactions: Researchers can more quickly find medication candidates because deep learning algorithms can anticipate how a therapeutic molecule will interact with its target protein.
  • Virtual screening: Deep learning algorithms shorten the time and expense of conventional screening procedures by sifting through vast databases of compounds to find those with the most significant promise for drug development.
  • Designing new molecules: Researchers can examine a broader spectrum of prospective therapeutic options thanks to deep learning algorithms’ ability to optimise new drug compounds for specific targets.
  • Drug repurposing: Deep learning models can speed up and lower the cost of bringing novel therapies to market by discovering new applications for currently available pharmaceuticals.

Deep Learning in Genomics and Precision Medicine

Deep learning has also demonstrated considerable promise in the fields of genomics and precision medicine, which focus on analysing a person’s genetic makeup and customising medical care to their unique genetic profile.

Following are some examples of deep learning uses in this industry:

  • Genomic sequence analysis: Deep learning algorithms are capable of pattern recognition, gene function prediction, and genomic sequence analysis. It can aid in the identification of new pharmacological targets and the creation of specialised treatment regimens.
  • Disease diagnosis: Large genomic and clinical data sets can be used to train deep learning algorithms to detect diseases precisely based on a person’s genetic makeup.
  • Drug response prediction: To create individualised treatment programmes, deep learning models can be trained to anticipate a person’s response to a specific medicine based on their genetic profile.
  • Clinical decision support: Deep learning algorithms can help healthcare professionals make clinical decisions by analysing complex patient data and recommending treatments.

Limitations and Ethical Issues in Deep Learning for Medical Research

Using deep learning in medical research and illness investigations has several drawbacks and ethical concerns. Among them are:

Lack of transparency

Deep learning models are frequently called “black boxes” because they generate predictions using intricate algorithms that can be difficult to understand. The results’ dependability and accuracy may be questioned due to the demand for greater transparency.

Bias

The quality of deep learning models depends mainly on the training set of data. The model may generate biased or imperfect findings if the data is complete. In studies of diseases and medical research, bias can have detrimental effects.

Data privacy and security

Due to its vulnerability, the usage of medical data creates severe privacy and security issues. It is tough to secure patient privacy and stop data breaches since deep learning models need data to be practical.

Overreliance on technology

Deep learning models are powerful tools but should only be relied upon to partially replace human expertise and judgement. Researchers may need to rely more on technology and overlook critical contextual factors that can impact patient outcomes.

Limited generalisability

Deep learning algorithms are frequently taught on specific datasets and need to generalise more effectively to new ones. That may reduce their value in illness research and medical investigations.

Conclusion

Deep learning has immense potential in medical and disease studies, providing researchers with powerful tools for analysing and interpreting complex data.

The application of deep learning in medical imaging analysis, drug discovery, and genomics research has shown promising results. It can accelerate the development of new treatments and therapies for patients.

Imarticus Learning’s Certificate Program in Data Science and Machine Learning offers a holistic approach to learning Python programming, including the fundamentals of objects and lists.

This program is for individuals who wish to pursue a career in data science and machine learning. To learn more about this course, visit Imarticus Learning to learn more about the IIT Data Science course.

Data Science Using Tableau and Power BI

Data science creates coherent knowledge from incoherent structures of data using statistical processes and tools. In a world where technology reigns supreme even for the most minor issues, data science is a rapidly developing sector and is quite beneficial for anyone interested in exploring this area. 

To understand and work with data science, one has to be familiar with the workings and significance of the tools used to arrange unstructured data. These include Tableau and Power BI, two of the most widely used analytical tools in organising data. 

Read on to learn how a knowledge of these tools can help make a successful career in data science.

Data visualisation and its endless merits

 

Before using tools like Tableau and Power BI, it is imperative to know what data visualisation is and how it works. Imagine reading about the population statistics of a country over decades- the changes in the numbers become a lot easier to understand when presented with graphs or pie charts.

These graphs and charts in data visualisation are often created with the help of the programming language Python. Data visualisation with Python allows it to use libraries like Bokeh and Matplotlib, which contain unique intrinsic units, to create the required graphs from a mass of unstructured collected data. Tableau and Power BI help enhance such effortlessly receptive graphs and more. They also employ linear regression when sorting data- it helps predict the outcome of the dependent variables on the independent ones during data analysis and assists in data visualisation.

Data science using Tableau – Its uses and importance

Any organisation needs its data to be analysed in order to understand its progress and targets and take corresponding action. Founded in 2003, Tableau enters this scenario as an essential analytical tool that helps process the sea of data into great visuals allowing Data Scientists to understand and extract relevant information from the same.

How Tableau operates

  • Tableau uses TDE, or the Tableau Data Extract, to store and collect mass data, sometimes also Hyper, a technology that enhances the collection and analysis of the data through fast and efficient processing. 
  • Sometimes, errors occur while data is being stored or analysed. Tableau uses ETL Integration (Extract Transform and Load) to recognise, extract and fix the error. With a visually appealing and easy-to-grasp interface, one can do all of this with the help of Tableau Prep Builder. 
  • Anyone examining and willing to explore all kinds of data can connect to a vast array of databases anywhere using the Tableau Desktop. 
  • Local businesses or non-profit enterprises also make use of Tableau Public which does all of the same things as Tableau Desktop, but the sharing of the reports of the data exploration remains limited to the public domain. 
  • Finally, Tableau Server and Tableau Online provide security, efficiency and a large amount of collective accessibility and inspection of the data in your organisation. 
  • Tableau even allows one system to connect with another for further examination and scrutiny. 

Data science and its dependency on Power BI

Like Tableau, Power BI is a Business Intelligence (BI) technology that provides clarity to unorganised data, like creating a meaningful image by putting puzzle pieces together. Power BI was in its initial design in 2010 and was launched in 2011 by Microsoft as a desktop application that allowed anyone to inspect, understand and visualise data on their own.

Basic features of Power BI 

  • Power BI’s major appeal is the connection it offers to several data sources, from Excel to Google Analytics and even social media platforms like Facebook, Twitter and Reddit. 
  • It also allows analysts to connect to IoT (Internet of Things) devices, collect that data and transform it into creative visualisation and interaction. 
  • The Power BI Pro enables anyone to gather any data they want, survey it and create dashboards suited to their required needs. 
  • One can also control who has access to the new, processed data. Power BI simultaneously protects and shares data and insights across the organisation. 
  • It is regulated per General Data Protection Regulation (GDPR) and is easily operable on mobiles. 
  • With its Premium well-suited for large organisations and businesses, Power BI is a real step up for Data Scientists.

Conclusion

Data science as a branch has been extremely versatile in its growth in recent years, and a simple visual representation of anything complicated always yields a better understanding of the concept. This is why someone starting out with data science needs to be well-acquainted with Tableau and Power BI, their contribution to the field and their interchangeable usage because of their similarities. 

Imarticus’ PG in Data Science and Analytics is a data science course with job interview guarantee that will provide a thorough understanding of data science, the processes and tools needed to work with, the required training needed for upskilling, and consequent employment. 

Logistic Regression vs. Linear Regression: Which is Better for Machine Learning?

Logistic regression and linear regression are two integral algorithms of machine learning. These two are supervised learning methods that are used for making forecasts and predictions. 

Although both regression techniques are used for the purpose of machine learning, they still have a lot of differences in the way they are used. A good data analytics course with placement can help one understand the distinctions in a simple way. When talking about logistic regression vs linear regression, we need to understand that logistic regression is mainly used to solve classification problems, whereas linear regression is used to solve regression problems.

Read on to learn more about logistic regression vs linear regression – the regression techniques of machine learning.

Logistic Regression

Logistic regression is one of the most used machine learning algorithms. It is a supervised technique that is generally used for classification problems but can also be used for regression problems. It uses simple independent variables to make predictions on categorical and dependent ones.

Logistic regression works well with Python programming, which requires minimal coding and does the job of solving classification problems. the output of this technique ranges between 0 to 1. It is based on the institution of maximum likelihood estimate, which means observing data should be the most obvious.

Linear Regression

Linear regression is an old and simple form of a machine learning algorithm. It is a supervised technique that is specifically used for solving regression problems. This technique uses independent variables to make predictions on the continuous dependent variables. It is also compatible with Python programming, much like its counterpart. 

As the name suggests, a linear regression graph is always in the form of a straight line, and the main objective is to find the best-fit line for accurately denoting the variables. If only one independent variable is used, then it is called a simple linear regression, and if more than one independent variable is employed, then it is known as multiple linear regression.

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Logistic Regression vs Linear Regression – The Differences

Both regression techniques are widely used for machine learning, yet each one addresses particular problems. However, both can be used for data visualisation, and there are certain tasks that each performs separately. The key differences in logistic regression vs linear regression can be explained as follows:

Type of variable and output

Logistic regression is predominantly used to specifically predict and deal with the categorically dependent variables. A particular set of independent factors is associated with this regression technique. This technique is mostly based on probabilities.

On the other hand, linear regression uses only continuous dependent variables based on a particular set of independent variables. These independent variables take numeric values and reference from staying in any category or group.

Degree of complexity

Logistic regression has a more complex structure of equations, that makes it challenging to interpret and understand this model. 

Whereas linear regression is a simple model and involves a comparatively simple structure of equations. It is easily understandable and interpreted. 

Application and scope

Logistic regression is mainly applied to solving classification problems. It can, however, solve some regression problems as well. It is slightly wider in scope.

On the other hand, linear regression is only applied to solving regression problems. It cannot solve classification problems. Hence, it is comparatively narrow in scope.

Type of graphical representation

In logistic regression, the graph forms an S-shaped curve. Thus, the type of graph is S-shaped. It can be easily used for classifying samples.

In contrast, the graph of linear regression is a straight-line curve. It focuses on finding the proper fit line for precisely predicting the output. 

Method used

Logistic regression uses the maximum likelihood estimation method. In this method, the coefficients of the regression method are chosen to maximise the probability of the variables until the iteration processes are complete.

On the contrary, linear regression uses the ordinary least square estimation method. In this method, the coefficients of the recreation method are chosen to lower the sum of the squared variables to find the best-fit line.

Mathematical equation

The mathematical equation used in logistic regression is:

y(x) = e(a0 + a1x1 + a2x2 + … + aixi) / (1 + e(a0 + a1x1 + a2x2 + … + aixi))

On the other hand, the mathematical equation used in linear regression is:

y = a0 + a1x1 + a2x2 + … + aixi

Where, 

y stands for the response variable

xi stands for the predictor variable

ai stands for the average effect on y as xi increases by one (when all other predictors are fixed)

Type of output

Logistic regression must always have a categorical or numeric output that ranges between 0 to 1 or is present in the form of a clear yes or no answer, and so on.

On the other hand, the output of linear regression must always be in the form of a continuous value. For instance price, weight, age, and so on.

Correlation between independent variables

In the case of logistic regression, there exists no correlation between the independent variables.

On the contrary, in the case of linear regression, there may or may not exist a correlation between the independent variables. 

The Better Approach to Machine Learning

This is another debatable topic for many specialists. When it comes to supervised Machine Learning then linear regression is considered to be the best-suited approach. Linear regression is best suited for predicting continuous outcomes. 

For instance, linear regression can be used for predicting the weight of an individual if his height is known. 

The equation appears as follows:

Weight = 70 + 2 x (60) = 190 lbs

Where height= 60 inches

Here, the effect of one independent variable on the outcome is analysed. 

However, when unsupervised or semi-supervised Machine Learning is considered then logistic regression is the most suitable approach. It works best with assumptive data and refrains from using a rigid approach. Logistic regression is best suited for producing a discrete value.

For instance, logistic regression can be used for predicting whether a student will be able to crack a competitive examination or not. Whether a political candidate will win the election in an area or not. This approach presents binary outcomes where it has only two straightforward alternatives.

Conclusion

Regression is an essential Machine Learning tool that makes predictions and creates relationships among variables. Machine learning experts are in demand in every organisation nowadays. If you are looking to gain professional knowledge about regression approaches and learn what is logistic regression vs linear regression then a data analytics course with placement can help you to get a good piece of work. Sign up for the Postgraduate Program In Data Science And Analytics by Imarticus and kickstart your career in data science.

Linear Regression: Definition, Types, Examples

Linear regression has been used extensively in multiple industries for prediction purposes. It is an analytical method used in data science to study data and predict the value of an unknown dependent variable based on the known dependent variable.

This article aims to cover the definition of linear regression and its types with examples for better understanding.

What is linear regression?
Linear regression is a statistical method used to visualise the linear relationship between two variables. It quantifies the correlation between one or more independent variables and the dependent variable.

The two types of variables are:

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Independent variable: It is the variable whose value is known and is used to determine the value of the dependent variable.

Dependent variable: This is the variable whose value is being determined, which changes with the independent variable.

The value of ‘A’, the dependent variable, can be determined through ‘B’, the independent variable.
The graphical representation of linear regression is a straight-line graph, assuming a linear relationship between the variables. The method is highly accurate and reduces the discrepancies between the predicted and the actual outputs.

What are the uses of linear regression?

Linear regression has been used in scientific and academic research, behavioural science, and business. Some of the uses of linear regression are:

To predict future values like the estimate of revenue value upon changes in investment. To envision future trends in both science and commerce.

This can also be used to understand the strength of the relationship between the independent or predictor variable(s) and the dependent variable.

What are the types of linear regression?

There are two types of linear regression – simple and multiple.

Simple linear regression
Simple linear regression is used when there is only one independent variable at hand which is used to determine the dependent variable.

The equation for simple linear regression involves four coefficients:

A = 𝛽0 + 𝛽1B + ε

In the given equation, A is the regression coefficient or dependent variable, 𝛽o is the intercept, 𝛽1 is the slope, B is the independent variable which assumably is affecting A, and the epsilon (ε) is the adjustment of A or the error value in our estimate of A.

Simple linear regression makes four preconceptions:
The data has been collected using scientific methods without any bias and does not have any hidden relation.
The error size (value of ellipses) does not have any significant change across the independent variable values.
The data is symmetrically distributed and maintains a level of normality.

The relationship between the independent and dependent variables is always linear. It can never be a curve or hyperbola.

Simple linear regression is used in determining the value of a dependent variable that is directly influenced by the independent variable. Simple examples of this would be determining the marks a student may score depending on the hours of study, or the amount of increase in antibodies against the number of viral cells.

Multiple linear regression

Multiple linear regression quantifies the relationship between two or more independent variables and the dependent variable. The independent variable may be consequent values or grouped values.
The equation for multiple linear regression involves the coefficients:

A = 𝛽0 + 𝛽1B1 + 𝛽2B2 + …. + 𝛽nBn + ε

Therefore, the coefficients change in numbers. As seen in simple linear regression in the above equation:
A is the regression coefficient

𝛽o is the intercept
𝛽1B1 is the first independent coefficient, the slope (𝛽1) of the first independent or predictor value (B1).
… signifies the number of coefficient values, the slope of the subsequent independent variables present between the second and last variable value.

𝛽nBn is the last independent coefficient
ε is the error value.

The above-given equation visualises the linear relationship between the dependent variable (A) and all the predictor variables.

Examples of linear regression

Linear regression is used in multiple scenarios –
Linear regression can also be used to predict the sales of a product based on the advertisement done through different media channels. This will employ the multiple linear regression model.

In medicine, simple linear regression may be used to determine the blood sugar level of a patient upon administration of a particular dosage of insulin. This can be used similarly to determine the relationship between different drugs and the patient’s vitals.

Conclusion
Data science has become an indispensable part of multiple industries, and linear regression, an important aspect of data science, has too. Therefore, knowledge in data science is a high-demand skill, and the best way to head-start your career is to earn a degree in data science certification. Learning linear regression makes it easy to calculate predictive values and estimate the condition of commercial or scientific variables.

Imarticus Learning offers a Postgraduate Analytics degree, a data science course with job interview guarantee. The PG Data Science and Analytics course is a job-interview programme that is trusted by industry leaders for the resources and quality of training provided. In this futuristic programme, students learn data visualisation with Python, Tableau and Power BI. Thus, the programme also helps learners in adapting to regular upskilling requirements.

The importance of linear regression in machine learning

Are you interested in knowing linear regression and how it is used in machine learning? We got you.

Machine learning is a field of study that uses statistical and computational techniques. This enables machines to learn from data and improve their performance over time. Linear regression is a fundamental machine learning technique. It plays a critical role in predicting outcomes from data.

Data Science Course

If you want to become a data analyst and learn data analysis and machine learning, then machine learning certification courses like Postgraduate Program in Data Science and Analytics  are among the best options. In this article, we will discuss the importance of linear regression in machine learning. You can also find one of the best machine learning certification courses to improve your understanding.

Introduction to linear regression

Linear regression is a statistical technique. it is used to establish a relationship between two continuous variables. It is a popular method for predicting outcomes based on input data. The basic idea of linear regression is to find a line that best fits the data points. The line is defined by an equation of the form y = mx + c. Here y is the dependent variable, x is the independent variable, m is the slope of the line and c is the y-intercept.

Linear regression is widely used in various fields. This includes finance, economics, physics and social sciences. In machine learning, linear regression is used to predict the output variable based on one or more input variables.

Types of linear regression

Linear regressions are usually differentiated into two types: simple and multiple linear regressions.

Simple linear regression involves only one independent variable, while multiple linear regression involves two or more independent variables.

Simple linear regression is used to establish a relationship between two variables. Here one variable is dependent and the other is independent. For example, predicting the price of a house based on its size is an example of simple linear regression.

Multiple linear regression is used to establish a relationship between the dependent variable and multiple independent variables. For example, predicting the sales of a company based on multiple variables such as advertising budget, price and location is an example of multiple linear regression.

Importance of linear regression in machine learning

Linear regression is one of the most important techniques in machine learning. It is widely used in various applications such as:

Predictive modelling

Linear regression is used to predict the output variable based on input variables. For example, predicting the price of a house based on its size, location and other factors is a common application of linear regression.

Data analysis

Linear regression is used to analyse the relationship between two or more variables. It helps in identifying the significant variables that affect the outcome variable.

Feature selection

Linear regression is used to identify the most important features in a dataset. It helps in selecting the relevant features that are important for prediction.

Model evaluation

Linear regression is used to evaluate the performance of a model. It helps in determining the accuracy of the model and identifying areas for improvement.

Individuals who want to become data analysts should complete machine learning certification courses like Postgraduate Program in Data Science and Analytics to learn data analysis and machine learning concepts.

Importance of linear regression in machine learning

Postgraduate program in data analytics and machine learning

The Postgraduate Program in Data Science and Analytics is a 6-month job-oriented curriculum course for working professionals and young data analysts. Students who complete this course create analytical models that enhance company results. They can also comprehend how data science is used in practical settings.

With the course, you will gain helpful information about the uses of analytics and data science in actual organisations. You will also get equipped to work as a data science specialist in the developing industry. Also, it provides you with the opportunity to work with leading firms and learn about the most recent developments in the analytics field. Following are the various benefits of completing the Postgraduate Program in Data Science and Analytics:

The Postgraduate Program in Data Science and Analytics focuses on practical knowledge and a job-specific curriculum.

It offers guaranteed job opportunities where students have a chance to get placed in companies like Infosys, Goldman Sachs, Deloitte, KPMG, IBM and more.

Students who complete the program are provided with a KPMG certificate.

To sum up

Linear regression is a fundamental machine learning technique that plays a critical role in predicting outcomes from data. It is widely used in various applications such as predictive modelling, data analysis, feature selection and model evaluation. Understanding the basics of linear regression is essential for anyone working in the field of machine learning.

Those interested in becoming data analysts should enrol in our Postgraduate Program in Data Science and Analytics. For any queries, feel free to contact us.

How to Become a Supply Chain Analyst

A supply chain analyst develops an efficient way to make a robust supply chain strategy with the help of data analytics. Also, he/she interprets and leverages data to enhance performance resulting in overall improvement. 

As daunting as the career might sound, becoming a supply chain analyst is relatively easy. With the correct supply chain analytics certification, one can bag job opportunities as an analyst in leading companies. However, prospective candidates must know and understand the skills required to become a supply chain analyst

In this article, let’s learn about the job roles of a supply chain analyst and the steps to become one. 

The job role of a supply chain analyst

Besides being a professional who ensures the company’s supplies meet the customer’s demand, a supply chain analyst plans production, manages inventory management, sources raw material, plans demand, designs supply chain network and plans distribution. The other duties include:

  • Collection and analysis: A supply chain analyst collects and analyses different supply chain data by implementing accurate supply chain methods.
  • Management and coordination: Supply chain analysts have to manage and coordinate vivid supply chain operations with the staff involved in the process.
  • Quality assurance and inventory analysis: A supply chain analyst oversees quality assurance and inventory analysis. By doing inventory analysis, they design robust reports to help the enterprise in prospects.
  • Supply chain hazard identification and analysis: A supply chain has many hazards. A supply chain analyst helps to identify issues and develops strategies to resolve them quickly and efficiently.
  • Training and conflict resolution: A supply chain analyst must possess leadership skills to train his/her staff and resolve any conflict arising amongst team members.
  • Business administration and effective communication: A supply chain analyst is responsible for business administration and must have communication skills to deal with the clientele and their team.
  • Business expansion and strategic initiatives: A supply chain analyst takes up strategic initiatives to expand the business horizon. They adopt many ways to make the business approachable, thus incurring more profit.
  • Collaboration and evaluation: A supply chain analyst has to collaborate with people from different departments – sales and operations, design, marketing, etc. An analyst must use customer trends and previous activities to understand product demand effectively. They even analyse and evaluate routes and collaborate with transport companies to deliver products on time and in order. 

Skills required to become a supply chain analyst 

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The job of a supply chain analyst not only entails research and analysis but also has traces of leadership and effective communication. 

Technical skills 

A supply chain analyst should be well-versed in data analysis, mathematics, SQL, Excel, Hadoop and statistics. They analyse large and multi-dimensional data sets by incorporating various mathematical equations. These calculations also play a crucial role in the cost and savings of raw materials. 

Interpersonal skills 

Supply chain analysts have to work with various stakeholders. Hence, this requires top-notch interpersonal skills. It helps build effective relationships amongst stakeholders and teams and share ideas in a hassle-free way.

Organisational and project management skills 

Strong organisational skills would help a supply chain analyst to achieve long-term goals in a short time. Possessing the above-mentioned skills would not only help them to polish their leadership skills but also help them manage workload efficiently and pace up different projects. 

How to become a supply chain analyst: Eligibility 

A supply chain analyst needs to have specific prerequisite skills and qualifications. A bachelor’s degree in logistics or supply chain management is required to be eligible for the job. Other eligibility criteria are:

  • Candidates must have internship experiences from companies with a working supply chain for at least two years. They should have an understanding of inventory management.
  • An ideal candidate should have impeccable analytical skills and in-depth knowledge of logical reasoning and mathematics. They should also possess adequate knowledge of data collection and analysis.
  • A candidate must have sound theoretical and practical knowledge of data analysis and inventory management tools. It would help them develop useful insights from the data and act accordingly. 

Conclusion 

A supply chain analyst acts as a strategist in an organisation. This makes them an important part of an organisation where they are responsible for logistics, marketing, product management, quality assurance and other important sectors. They also provide insights into newer technologies and these tools further make the business efficient. 

If you are looking for a good supply chain management course, then check out Imarticus Learning’s Executive Certificate Programme in Global Chief Supply Chain and Operations Officer offered in partnership with IIM Raipur. This IIM Raipur supply chain management course will embark you on a journey to a new era of supply chain analytics. This 150-hour interactive session is taught by the skilled IIM Raipur faculty.