JMP Day 2020 - Which Model When?Which Model When?
Ruth Hummel (Academic Ambassador)
Mary Loveless (Systems Engineer Manager)
Julian Parris (Learning Content and Strategy Manager)
Abstract: You have a business or research question, you’ve collected or found appropriate data, and you are ready to analyze. But which analytical methods should you try? And how will you choose a final model? In this talk, we will look at several data scenarios and present modeling options and a framework for comparison. We will look at how different questions or goals affect the modeling choices we make. (Predict? Explain? Find associations?) Models covered will include traditional regression, penalized regression, and a few others. Comparison techniques will include residuals analysis, comparing fit statistics, and cross-validation or validation on new data.
Video of presentation given by Ruth Hummel and Julian Parris at P&G Feb. 5, 2020.
Slides from presentation (also available as a pdf attachment to this article)
See demo of several data scenarios, modeling options and a framework for comparison.
Demos shows several data scenarios, modeling options and a framework for comparison.Demos shows several data scenarios, modeling options and a framework for comparison.
JMP 15Re: JMP Day 2020 - Which Model When?I really like the framework used for different modeling questions. Thanks for doing all the demos with Cincinnati housing data as it made it more meaningful for the audience.
